If you accepted federal loans as part of your award, there are a few other things you need to do before your financial aid will disburse (pay to you).
Master Promissory Note (MPN)
An MPN is an agreement between you and your lender acknowledging the terms of the loan. Federal Direct Stafford Loans, Parent and Graduate PLUS loans and Perkins loans all have promissory note requirements. Generally you can begin signing your Promissory Note in the summer after July 1. Click here for more information regarding Master Promissory Notes.
First-time Direct Stafford Loan borrowers are also required to complete an online Entrance Counseling session. The Entrance Counseling session provides information about Direct Stafford Loans, your rights and responsibilities as a Stafford Loan borrower, and how to develop a budget to most effectively manage your educational expenses and student loans, both during and after college. To complete your Direct Loan Entrance Counseling, click here.