Loan Counseling and Master Promissory Notes

Federal Direct Stafford Loans (Subsidized and Unsubsidized)

Students who accept any Federal Stafford loans must complete a master promissory note and the entrance counseling form before any funds will be disbursed to the Business Office.  Both are completed at www.studentloans.gov.

Federal Direct Parent PLUS Loan

Any parent using a Parent PLUS loan to cover educational expenses, must complete a master promissory note at www.studentloans.gov and a MMA Parent PLUS Supplemental form, before any funds are disbursed to the Business Office.

Maine Maritime Academy Loans

MMA has a small amount of academy loans available to students.  These loans are issued on a case-by-case basis.  The financial aid office issues the loans and then students who accepts an academy loan  must complete a master promissory note with the Business Office, before any funds are disbursed to the Business Office.  Upon departure from MMA repayment arrangements will be made with the Business Office.