LOAN COUNSELING AND
MASTER PROMISSORY NOTE
Students that borrow Federal Direct loans must complete certain requirements when accepting the loans: Master Promissory Note (MPN), Entrance Counseling, and Exit Counseling. The MPN and Entrance Counseling must be completed in order for the loan to pay, and Exit Counseling is completed after the loan has paid for certain enrollment statuses. These requirements provide important information about your loan rights and responsibilities. All requirements are completed electronically at StudentAid.gov and is this site is used by all schools and borrowers to simplify the loan application process for students. Information on each requirement and steps to complete are provided below.
Entrance Counseling for Direct Loans
To complete the Entrance Counseling electronically, visit StudentAid.gov Entrance Counseling homepage and follow these steps:
- Under the “Complete Entrance Counseling“ section click on “Log in to Start” button
- Log in using your FSA ID Username, Email, or Mobile Phone and Password; your FSA ID Username is the same ID used to log into your FAFSA.
- Log In and follow the instructions to complete the Entrance Counseling.
Master Promissory Note for Direct Loans
To sign the Master Promissory Note electronically, visit the StudentAid.gov Master Promissory Note (MPN) homepage and follow these steps:
- Under the “MPN for Subsidized/Unsubsidized Loans“ section click on “Log in to Start” button
- Log in using your FSA ID Username, Email, or Mobile Phone and Password; your FSA ID Username is the same ID used to log into your FAFSA.
- Log In and follow the instructions to complete, sign and submit your MPN.
Exit Counseling for Direct Loans
- Exit Counseling must be completed by Federal Direct Loan borrowers who are leaving school, dropping below half-time enrollment, or graduating must complete. To complete the Exit Counseling electronically, visit StudentAid.gov Exit Counseling homepage and follow these steps:
- Under the “Complete Exit Counseling“ section click on “Log in to Start” button
- Log in using your FSA ID Username, Email, or Mobile Phone and Password; your FSA ID Username is the same ID used to log into your FAFSA.
- Log In and follow the instructions to complete the Exit Counseling
Master Promissory Note for Perkins and Berner Loans
- Upon acceptance of a Federal Perkins or Berner Loan, a first-time borrower must complete a Master Promissory Note (MPN).
- The student will receive an email within 48 hours from the Office of Student Accounts to complete the MPN by visiting the Student Financial Management Center located in Sparks Hall Suite 227 on the downtown Atlanta campus of Georgia State.
- The student MPN information for the Perkins/Berner Loan will be updated within 72 hours of completion and submission of the MPN.
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