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Federal Direct Loan  

Complete Entrance Loan Counseling

First time Direct Loan borrowers will need to complete both entrance loan counseling and a master promissory note through before any loan funds will be disbursed to the university.

Entrance loan counseling informs you of your rights and responsibilities as a borrower. It also explains interest rates and the different types of federal loans available. ACU will receive notice that you have completed the requirements directly from Direct Loans. Please allow 3-5 business days for us to receive notification.

  1. Go to:
  2. Sign in using your social security number and your FSA ID (the same ID used when completing the FAFSA).
  3. Click on the “Complete Counseling” link on the homepage.
  4. Select "Entrance Counseling" to start section.
  5. Make sure to list ACU as a school to notify.
  6. You must read the content and answer the questions. Each section must be done.
  7. If you do not complete the counseling prior to logging out of the website your answers will not be saved. You will have to begin a new counseling session from Step 1. You also must complete the entrance counseling session within 30 minutes.
  8. Read the Borrower’s Rights and Responsibilities.
  9. Be sure to print a copy for your records.


Complete a Master Promissory Note

The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s). Unless your school does not allow more than one loan to be made under the same MPN, you can borrow additional Direct Loans on a single MPN for up to 10 years.

The entire MPN process must be completed in a single session, so be sure you have enough time before you start. Each MPN takes approximately 30 minutes to complete.

Before you begin this this process, you will need the following information:

  1. Your FSA ID
  2. Your social security number and birthdate
  3. Two references including their address and phone numbers

To complete the MPN process:

  1. Go to
  2. Sign in using your social security number and your FSA ID (the same ID used when completing the FAFSA).
  3. Click on the “Complete the Master Promissory Note” link on the homepage.
  4. Select  “Subsidized/Unsubsidized” link.
  5. Complete and review each section before going to the next.
  6. Make sure you open and read sections C through G. Check the box at the end to acknowledge that you have reviewed these sections.
  7. In the “Review and Sign” section, enter your name and click “sign.”
  8. You MUST select “Review Master Promissory Note” PRIOR to clicking “submit” or your MPN will not be accepted.
  9. Your MPN is not complete and accepted unless you receive the “Congratulations” message.


Federal Parent PLUS  

Parents of dependent students may apply for a Direct PLUS Loan. This loan can be used to supplement other financial aid awarded to a student, such as the Direct Stafford Loan. Repayment of the Direct PLUS Loan is not deferrable. Parents must begin repayment within 60 days after the entire loan has been disbursed.

Parents seeking a PLUS Loan in the 2015-16 academic year may apply after June 1. Loan applications are available on the Federal Student Loan website.


Federal Grad PLUS  

Graduate students (post-baccalaureate) may apply for a GRAD PLUS Loan. This loan can be used to supplement other financial aid, such as the Direct Stafford Loan. Repayment of this loan begins within 60 days after the entire loan has been disbursed. The GRAD PLUS Loan is subject to in-school deferment, but it is not automatic. Deferment can be granted by the lender after providing proof of at least half-time enrollment. Interest accrues upon disbursement and continues to accrue during periods of deferment or forbearance.

Graduate students seeking a Grad PLUS Loan for the 2015-16 academic year may apply after June 1. Loan applications are available on the Federal Student Loan website.


Private Alternative Loans  

Private loans are designed specifically to help you fill any gap that exists between your financial aid award, your federal loans and your total education costs. In some cases, federal loans may be more affordable than the terms of a private loan. Comparison shopping is recommended.

As part of Abilene Christian University’s commitment to providing educational funding options to students and parents, ACU’s Office of Student Financial Services will certify private loans for any lender that a borrower chooses.

To aid students and families in the process of choosing a private lender, Student Financial Services has compiled a Preferred Private Lender List.

Please review the following prior to deciding on a lender:

Student Financial Services evaluates lender services annually, in areas including customer accessibility, technical capability, default rate and borrower benefits. Those who excel in these areas are included in our Preferred Private Lender List. ACU uses TG's List Assist Survey to compare lenders for placement on the Preferred Lender List.

Abilene Christian University does not receive benefits in exchange for placing a lender on our preferred list and encourages borrowers to visit the lenders' Web sites to compare terms and conditions of origination and repayment.

Student or parent borrowers may choose any lender and are not restricted to a lender on our preferred lender list.

For the most up-to-date information regarding changes in the student loan industry and lender participation, borrowers should visit

Cancellation Policy

If you choose to cancel all or part of any loan offered to you, please indicate in writing your preference of canceling the full loan or reducing the amount offered.

This statement can be sent by mail to Student Financial Services, ACU Box 29007, Abilene, TX 79699-9007, or by email to

After the loan disbursement is applied to the student account, the student will be notified by email of the amount that was paid. The student then has the right to cancel all or a portion of the disbursement by replying to the email notification indicating his/her preference. ACU will gladly cancel or reduce the loan upon receipt of that request.

Hear parents of current ACU students explain why they believe ACU was the best place for their children and why they decided it was worth the investment.