Federal Direct Loans are low-interest loans for students to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution.

To receive a Direct Loan a student MUST be enrolled for at least 6 credits per semester and meet other Federal eligibility requirements. For more information on Direct Loans go here .


  1. Complete Loan Entrance Counseling HERE. This is a federal requirement for first time borrowers, and explains a student's rights, responsibilities, and consequences for borrowing and paying back Federal Student Loans.
  2. Electronically Sign MPN HERE (Master Promissory Note). This is also required for first time borrowers. By signing it, the student agrees to pay back the loan. The YCCC Financial Aid Office recommends first time borrowers print a copy for their records.
  3. Apply for an iGrad account here, and provide a printed confirmation page to the YCCC Financial Aid Office.
  4. Complete a Direct Loan Request form(on the right of this page). Applications can be completed electronically and sent to finaid@yccc.edu


  • When signing in to complete the Entrance Counseling and MPN the Federal FSA ID & PIN will be used (same as FAFSA)
  • All first time borrowers are required to complete Entrance Counseling and have a signed MPN on file before the financial aid office can process a loan application on their behalf. Continuing loan borrowers are typically exempt from this requirement.
  • Call 1-800-557-7394 for problems signing the MPN.
  • Student loan borrowers who leave school, drop below half-time status, or graduate will be required to complete Loan Exit Counseling
  1. Electronically sign MPN (Master Promissory Note). You will need your Federal PIN to sign in.
  2. Complete PLUS Loan Application electronically.  
  • The MPN is a legal document borrowers need to sign agreeing to pay back the loan. Call 1-800-557-7394 for problems signing the MPN.
  • PLUS loan approval is subject to a credit check
  • Repayment will begin 60 days after the final disbursement. Deferment options are available. Contact your Servicer for more information.


Please use the following information to contact the FSA Student Loan Ombudsman Group.


Via on-line assistance: http//studentaid.gov/repay-loans/disputes/prepare


Via telephone (toll-free): 877-557-2575


Via fax: 606-396-4821


Via mail: FSA Ombudsman Group

              PO Box 1843

              Monticello, KY 42633

ECMC Solutions

We have partnered with ECMC Solutions to provide you with FREE help with your federal student loans!  Feel free to contact them at 1-844-668-8725 or ECMC to live chat with a loan counselor!

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The Opportunity Maine program provides a tax credit to help cover the payment of some student loans for eligible Maine students who graduate from a Maine community college and then work and pay taxes in Maine. No matter which community college you attend, you may get information about this program by clicking here.

YCCC does not have a "preferred lender list" for alternative loans. The following have issued alternative loans to YCCC borrowers in the last ten years.

Maine Educational Loan Authority

Sallie Mae

Suntrust Bank


Wells Fargo


Should YCCC provide information regarding a private education loan from a lender to a prospective borrower, YCCC will provide information to the prospective borrower, including:

  • Information required under the Sec. 128(e) of the Truth in Lending Act (15 U.S.C. 1638 (e)
  • That the prospective borrower may qualify for loans or other assistance under Title IV, HEA Programs; and
  • That the terms and conditions of Title IV, HEA Program loans may be more favorable than the provisions of private education loans.