Step 4: Complete the Entrance Counseling
First time borrowers must complete the Entrance Counseling. This will ensure you understand the terms and conditions of your loan and your rights and responsibilities. You will learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default. Make sure to complete the Entrance Counseling for Undergraduate students.
Step 5: Sign Master Promissory Note (MPN)
First time borrowers taking out a Direct Subsidized and/or Unsubsidized Loan must complete and sign an MPN. Parent PLUS Loans require a separate MPN.