Direct Loans

Find out how to qualify for a Direct Loan.

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Before applying for a Direct Loan, students must first apply for federal financial aid by completing the FAFSA. This application determines eligibility for Direct Loans.

Once your CNM financial aid file is complete, students may apply for a Direct Loan. This procedure must be followed even though students feel they may not be eligible for a grant.

To be eligible, students must:

  • Complete loan entrance counseling
  • Sign a Master Promissory Note to request a loan

Entrance and Exit Counseling

Students with loans who graduate, withdraw, or leave school, must complete an exit interview. An exit interview is a counseling session all student loan borrowers must attend before exiting CNM. At this session, the student will learn about debt management, what monthly repayments will be, the average amount all borrowers owe, and options such as deferments, forbearance, and loan consolidation.