Direct Loan Process
Johns Hopkins University participates in the Federal Direct Loan Program.
Federal Direct Loans are a federal student loan and type of federal financial aid. You have rights and responsibilities when you borrow a federal student loan. If this is your first semester at the Carey Business School or your first time borrowing as a Carey Business School student, please complete the following:
Complete the required loan Entrance Counseling for a Graduate/Professional Student online
Complete the Multi-Year Federal Unsubsidized Loan Agreement online
Grad PLUS loan borrowers must complete a separate Grad PLUS Loan Agreement
WATCH: Loan Entrance & Master Promissory Note (MPN) Tutorials
Requirements for federal aid
Enroll at least half time
Half-time enrollment is at least 4.5 credits per fall and spring semester (which requires 3 two-credit courses in one semester. Half-time enrollment for summer is at least 3 credits. Since Carey’s classes are two (2) credits each, students usually enroll in two summer classes, and three classes in the fall and spring respectively to meet the requirement. When you register for classes in the fall and spring, enroll in both 8-week terms up front. Financial aid looks at the entire semester and not the individual sessions.
Financial aid is available only for courses students will receive credit toward completion of their program. Courses taken for personal reasons or so a student can remain enrolled at least half-time are not eligible for federal financial aid. Audited courses do not count toward the credits required for financial aid availability.
You may lose your financial aid awards when you drop classes
If you do not begin a class or drop a class, your financial aid may be reduced or cancelled. Withdrawing from classes after the semester has begun may also impact your eligibility. See Return of Title IV Funds policy. Please contact the Carey Business School Office of Financial Aid if you are considering any changes to your enrollment status.
Maintain satisfactory academic progress (SAP)
Financial aid recipients are required to make satisfactory academic progress towards their degree. Students are required to maintain a minimum cumulative GPA of 2.85 and earn at least two-thirds of attempted coursework. See Carey Business School's financial aid SAP policy.
Title IV Funds
The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, who are dismissed, drop to less than half time status, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.
Please review the Title IV Funds Policy.