What is the direct loan entrance counseling?
It is an explanation of your rights and responsibilities pertaining to the Direct Loan Program. This is a mandatory for all first time borrowers.Tagsdirect loan program
View ArticleIf I have already completed a Direct Loan Master Promissory Note for another...
As long as you have been continuously enrolled at least half time you will not have to complete a new note. However, if you have had a break in your enrollment for more than one term, please contact...
View ArticleHow and when do I complete a Direct Loan Master Promissory Note?
We would like for you to complete a promissory note as soon as possible even if you have not been awarded your financial aid for 2010-11. You may complete an MPN at: www.studentloans.gov Note that...
View ArticleWhy do I have to complete another Master Promissory Note?
You must sign a new Master Promissory Note because you will now be borrowing from a new lender. Each lender requires you to complete a promissory note for their loans.Tagsdirect loan program
View ArticleWhen does the switch from the FFEL loan program to the DL loan program take...
If you are borrowing student loans for the summer 2010 or beyond, your loans will be processed under the DL loan program. Therefore, we encourage you to complete a new Direct Loan Promissory Note ASAP...
View ArticleDoes the switch from the Federal Family Education Loan Program (FFELP) to the...
No it does not. The eligibility requirements for both loan programs are the same. The main change is the source of funding. You are borrowing your funds from the Federal Government as opposed to a...
View ArticleDo the terms of my loan change with the switch to Direct Loans (DL)?
No. The terms of the loan are the same. The main difference is that you will have a new lender: the Federal Government. The loan repayment options, grace periods, and forgiveness provisions all...
View ArticleWhen I visit www.studentloans.gov I cannot see the link to sign in and...
We have discovered that the web browsers Safari and Google Chrome do not offer the link to sign in and complete the MPN. We recommend you try accessing your MPN using Internet Explorer or...
View ArticleHow do I complete a direct loan Entrance Counseling?
To complete the entrance, go to http://www.studentloans.gov/ and sign in using your PIN number.Tagsdirect loan program
View ArticleDirect Loan Frequently Asked Questions
Find answers about the change in Federal Financial Aid at the Institute.
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