Master Promissory Note and Entrance Counseling - Federal Direct Stafford Loans

Instructions

 

To complete the application process for Direct Loans, you must complete a Master Promissory Note. Student federal loan borrowers must also complete an entrance interview.

Here is a step-by-step on how to do it:

Step 1. Get Your Federal PIN Number:

You will need the Federal PIN number in order to complete the Direct Loans Master Promissory Note. Your Federal PIN number substitutes as your signature while signing online documents. If you do not have a Federal PIN number, you must apply for one at the pin Web site: www.pin.ed.gov .

Step 2. Sign The Direct Loan Master Promissory Note:

a. Once you have your Federal PIN number, go to www.dlenote.ed.gov  

b. Click on the link to “Complete New MPN for Student Loans”

• Subsidized/Unsubsidized

c. On the next page, scroll down and click on the bar labeled “Proceed to eMPN login.”
    (If necessary, please visit the PIN Site to review the requirements and update your
     profile.)

d. At this point you will need to provide your:

• Social Security Number
• The first two characters of your last name
• Your birth date, and
• Your Federal PIN number.

Next, click the “submit” button at the bottom of the screen.

e. Carefully read through the terms and conditions of the loan you have applied for and provide the necessary information (including the names, addresses, and telephone numbers of two personal references).

f. When you have reached the end of your Promissory Note procedure, a second screen will pop-up.


 

g. Print your Promissory Note for your own personal records.
You have now completed your Direct Loans Master Promissory Note.

 

Step 3. Complete Entrance Counseling

(for student federal loan borrowers):

In order to receive a Federal Stafford Loan, the borrower must complete the online entrance couseling session for the Stafford Loan. This process explains the responsibilities of taking out a loan. This can be completed at www.dl.ed.gov  


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