A mandatory information session which takes place before you can receive your first Federal student loan that explains your rights and responsibilities as a student borrower. The Entrance Counseling is required of all first time loan borrowers. To ensure that you understand this responsibility and the obligation you are assuming when borrowing student loan(s), the federal government requires you to participate in Loan Entrance Counseling before your loan funds can be disbursed.
If you have previously completed Entrance Loan Counseling at another school, you are still required to complete the Entrance Loan Counseling at DMACC.
Please refer to www.studentloans.gov to complete your Entrance Counseling quiz.
Master Promissory Note (MPN)
A legal document you must sign with your FSA ID agreeing to pay back your loan(s) and any accrued interest and fees to the US Department of Education. This document will apply to your undergraduate Federal Direct Subsidized and Unsubsidized Loans for 10 years. The Master Promissory Note will take approximately 30 min to complete. Please complete the Master Promissory Note at www.studentloans.gov if you have not previously done so.
If you need assistance in completing the Entrance Loan Counseling or MPN, please see the Entrance Counseling & Master Promissory Note booklet