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Before receiving a Federal Direct Loan, borrowers are required to complete a student loan entrance counseling interview. This quick and easy interactive counseling session provides useful tips and tools to help you develop a budget for managing your educational expenses. It also helps you understand your loan responsibilities when you enter repayment.
The Master Promissory Note (MPN) is required to be completed by each borrower. The MPN is a legal contract that binds you to the federal government. Signing this document indicates that you promise to repay the student loan you are taking out. The master promissory note also includes important language about rights and responsibilities as a borrower. Both subsidized and unsubsidized Direct Loans are covered under the master promissory note.
If you decide later that you would like to request an adjustment to the amount of your loan, you will be able to use the links provided below to request additional funds you may be eligible for, or to request a decrease or cancellation. If you have rejected your loan and would like to have it reoffered, please contact our office.
To request an increase, decrease, or cancellation to your Federal Direct Loans for 2021-2022 (SUMMER ONLY) Complete a Loan Re-evaluation Form (LNEVL) available here.