UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of Earliest Event Reported): July 25, 2005
             ------------------------------------------------------
                               MRU HOLDINGS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
                                -----------------
                 (State or Other Jurisdiction of Incorporation)

                    000-33487                       33-0954381
             (Commission File Number)     (IRS Employer Identification No.)

              1114 Avenue of the Americas, New York, New York 10036
     -----------------------------------------------------------------------
              (Address of principal executive offices and zip code)

                                 (212) 754-0774
               --------------------------------------------------
              (Registrant's telephone number, including area code)

           ----------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CF 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 1.01 Entry into a Material Definitive Agreement.

On July  25,  2005,  the  Registrant's  indirect  wholly-owned  subsidiary,  MRU
Lending,  Inc.  ("MRUL") and Doral Bank NY, FSB, a federally  chartered  savings
bank in the business of originating  various types of consumer  loans  including
student loans (the "Bank"),  entered into a definitive  agreement  providing for
the  Bank's  origination  of  private  student  loans  to  qualified  applicants
participating  in MRUL's  private  student loan  program,  the marketing of such
program and  solicitation  and  qualification of such applicants by MRUL and the
sale by the Bank and  purchase  by MRUL of such  student  loans.  The  agreement
between  MRUL and the  Bank is  evidenced  by a Loan  Program  Agreement  ("Loan
Program Agreement") and a Loan Sale Agreement ("Loan Sale Agreement") both dated
July 25, 2005 (collectively referred to as the "Agreements") a brief description
of the material terms of the  Agreements is provided  herein and is qualified in
its entirety by reference to the full text of the Agreements  which are attached
hereto as exhibits and  incorporated  herein by this reference.  Pursuant to the
Loan  Program  Agreement,  the Bank has agreed to not  originate or sell private
student  loans for or to any party  other than MRUL.  The  Agreements  have a 36
month term and are automatically  renewable for up to two successive terms of 12
months.

Item 9.01 Financial Statements and Exhibits

      (c)   Exhibits

     ------------------ --------------------------------------------------------
     Exhibit No.        Exhibit
     ------------------ --------------------------------------------------------
      10.1              Loan Program  Agreement  dated July 25, 2005 between MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------
      10.2              Loan Sale  Agreement  dated July 25,  2005  between  MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this current report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                       MRU HOLDINGS, INC.


Date: July 29, 2005                    By: /s/ Vishal Garg
                                          --------------------------------------
                                          Name:  Vishal Garg
                                          Title:   Chief Financial Officer

<PAGE>

Exhibit Index

     ------------------ --------------------------------------------------------
     Exhibit No.        Exhibit
     ------------------ --------------------------------------------------------
      10.1              Loan Program  Agreement  dated July 25, 2005 between MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------
      10.2              Loan Sale  Agreement  dated July 25,  2005  between  MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of Earliest Event Reported): July 25, 2005
             ------------------------------------------------------
                               MRU HOLDINGS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
                                -----------------
                 (State or Other Jurisdiction of Incorporation)

                    000-33487                       33-0954381
             (Commission File Number)     (IRS Employer Identification No.)

              1114 Avenue of the Americas, New York, New York 10036
     -----------------------------------------------------------------------
              (Address of principal executive offices and zip code)

                                 (212) 754-0774
               --------------------------------------------------
              (Registrant's telephone number, including area code)

           ----------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CF 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.

On July  25,  2005,  the  Registrant's  indirect  wholly-owned  subsidiary,  MRU
Lending,  Inc.  ("MRUL") and Doral Bank NY, FSB, a federally  chartered  savings
bank in the business of originating  various types of consumer  loans  including
student loans (the "Bank"),  entered into a definitive  agreement  providing for
the  Bank's  origination  of  private  student  loans  to  qualified  applicants
participating  in MRUL's  private  student loan  program,  the marketing of such
program and  solicitation  and  qualification of such applicants by MRUL and the
sale by the Bank and  purchase  by MRUL of such  student  loans.  The  agreement
between  MRUL and the  Bank is  evidenced  by a Loan  Program  Agreement  ("Loan
Program Agreement") and a Loan Sale Agreement ("Loan Sale Agreement") both dated
July 25, 2005 (collectively referred to as the "Agreements") a brief description
of the material terms of the  Agreements is provided  herein and is qualified in
its entirety by reference to the full text of the Agreements  which are attached
hereto as exhibits and  incorporated  herein by this reference.  Pursuant to the
Loan  Program  Agreement,  the Bank has agreed to not  originate or sell private
student  loans for or to any party  other than MRUL.  The  Agreements  have a 36
month term and are automatically  renewable for up to two successive terms of 12
months.

Item 9.01 Financial Statements and Exhibits

      (c)   Exhibits

     ------------------ --------------------------------------------------------
     Exhibit No.        Exhibit
     ------------------ --------------------------------------------------------
      10.1              Loan Program  Agreement  dated July 25, 2005 between MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------
      10.2              Loan Sale  Agreement  dated July 25,  2005  between  MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------
SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this current report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                       MRU HOLDINGS, INC.

Date: July 29, 2005                    By: /s/ Vishal Garg
                                          --------------------------------------
                                          Name:  Vishal Garg
                                          Title:   Chief Financial Officer
Exhibit Index

     ------------------ --------------------------------------------------------
     Exhibit No.        Exhibit
     ------------------ --------------------------------------------------------
      10.1              Loan Program  Agreement  dated July 25, 2005 between MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------
      10.2              Loan Sale  Agreement  dated July 25,  2005  between  MRU
                        Lending, Inc. and Doral Bank NY, FSB
     ------------------ --------------------------------------------------------