Federal Direct Student Loan (FDSL)

Funds for the Federal Direct Student Loan, FDSL, are provided by the federal government. Learn more about the FDSL interest rates and loan origination fees. The net FDSL amount will be disbursed onto the tuition account in late August for fall semester and in late January for spring semester.


You must file a current academic year FAFSA to be apply for a FDSL. To complete the loan requirements below you must have your FAFSA FSA ID. If you do not have your ID you may request one online

Before loan funds can be disbursed to your tuition account, you must complete the following requirements online:

  1. Entrance Counseling
  2. Master Promissory Note (MPN) 

Once completed, the MPN covers all FDSLs originated on your behalf while you attend Mount Holyoke College.  Entrance Counseling is required to ensure that you understand your loan obligations. Mount Holyoke will receive electronic confirmation after you have successfully completed both of these requirements.

Federal Direct Student Loan - Subsidized

Eligibility for a subsidized FDSL is based on financial need. The school determines financial need for federal aid based on the FAFSA. The federal government does not charge interest before repayment begins or during authorized periods of deferment (postponement of repayment).  Repayment of principal and interest begins six months after a student graduates or ceases being enrolled at least half time.

Federal Direct Student Loan - Unsubsidized

Eligibility for an unsubsidized FDSL is not based on financial need. However, a FAFSA must be filed in order to receive an unsubsidized FDSL.The federal government charges interest on the unsubsidized  FDSL from the time the loan is disbursed, until the loan is paid in full.  However, there is an option to defer payment of interest during school.  It is important to know that interest is capitalized at repayment, which means it is added to the principal.

Annual FDSL Limits - Information on Increasing or decreasing the FDSL


Contact Information

Direct Loan Master Promissory Note
Applicant Services
COD School Relations Center