When your loan application is processed, the Financial Aid Office will mail your Promissory Note to you with instructions. 

After you have submitted your completed promissory note to the Financial Aid office, it will be forwarded to the Direct Loan Servicer. The Financial 
Aid office will be notified when your promissory note is accepted. This 
process takes approximately two to three weeks.

Loan funds will be disbursed:

After loan counseling has been completed.

After you are registered and attending a minimum of six credit hours.

After attendance has been verified (approximately 4 weeks after the
    semester begins)

Thirty days after the beginning of the semester for first time borrowers.

In two equal disbursements - one at the beginning of the loan period and
    one at the midpoint of the loan period.

Loan funds will first be applied to any outstanding charges for tuition, fees, and books. If the amount of your loan(s) and other financial aid exceeds these charges, you will be mailed a refund check.

Before you can receive subsequent disbursement of loans and other financial aid, you must meet standards of academic progress. Please refer to the 
MCC Catalog/Student Handbook for further information.