Loan Process Additional Requirements

STEPS TO COMPLETE THE LOAN PROCESS


Direct Loan Entrance Counseling
(To be completed by the student.)

How to complete Student Loan Entrance Counseling:

  1. Student goes to studentaid.gov

  1. LOG IN using FSA ID & password

  1. Under My Checklists select “I’m In School

  1. Choose “Complete Entrance Counseling

  1. Select “START for Entrance Counseling
    1. Select “School to Notify” or “Add School to Notify”
      1. Choose “School to Notify” if this is your first student loan, or you haven’t borrowed in a long time
      2. Choose “Add School to Notify” if you have completed Entrance Counseling at another school recently.
    2. You will need about 30-45 minutes to complete the counseling session.

  1. Complete Entrance Counseling.

Direct Subsidized/ Unsubsidized Loan Master Promissory Note (MPN)
(Completed by the student.)

How to complete the Sub/ Unsub MPN:

  1. Student goes to studentaid.gov

  1. LOG IN using FSA ID & password

  1. Under My Checklists select “I’m In School

  1. Choose “Complete MPN (i.e., Loan Agreement)

  1. Choose “Start” for I’m an Undergraduate Student (MPN for Subsidized/ Unsubsidized Loans) ORSelect MPN Type” for I’m a Graduate/Professional Student

  1. Complete the Sub/Unsub MPN with student information

Direct Parent PLUS Loan Master Promissory Note (MPN)
(To be completed by the Parent applying for the PLUS Loan.)

How to complete a Parent PLUS MPN:

  1. Parent goes to studentaid.gov
    1. The parent completing the Parent PLUS MPN is the same as the parent who completed the PLUS Loan Request Form.

  1. LOG IN using Parent’s FSA ID & password

  1. Under My Checklists select “I’m a Parent

  1. Choose “Complete MPN (i.e., Loan Agreement) for Parent PLUS Loan”
    1. Do NOT choose “Apply for a Parent PLUS Loan”

  1. Choose “Start for I’m a Parent of an Undergraduate Student

  1. Complete the PLUS MPN with parent borrower information

Direct Graduate PLUS Loan Master Promissory Note (MPN)
(To be completed by the graduate student.)

How to complete a Graduate PLUS MPN:

  1. Borrower goes to studentaid.gov

  1. LOG IN using FSA ID & password

  1. Under My Checklists select “I’m In School

  1. Choose “Complete MPN (i.e., Loan Agreement)

  1. Choose “Start” for MPN for Direct PLUS Loans

  1. Complete the PLUS MPN with student information