Entrance Counseling & Master Promissory Note

Entrance counseling for federal direct loans

New Federal Direct Loan receipts are required to complete entrance counseling. Loan funds cannot be disbursed until counseling is completed. After receiving your Financial Aid Notification and accepting a Federal Direct loan, you will be notified at your IU e-mail account to complete entrance counseling.

• Student Loan Entrance Counseling Requirement

If you are unable to complete the counseling on the Web or have any questions, please contact the Office of Scholarships and Financial Aid.

Sign your Master Promissory Note

As a first-time borrower, you also need to complete an online Master Promissory Note (MPN). This legal document explains the terms and conditions of your student loan. By signing it, you promise to repay your loans and any interest and fees. You must sign it before loan funds can be credited to your bursar account.

To sign your MPN, you’ll need:

• Your Federal Student Aid (FSA) ID
• Your social security number
• Your driver’s license number
• Your permanent address and telephone number
• Information for two references, including their addresses and telephone numbers. The first reference should be a parent or legal guardian. References must have different addresses and telephone numbers.

To sign the MPN, use your FSA ID to log into your direct loan account and select “Complete MPN.”

Sign your MPN

Exit counseling for federal direct loan programs

Exit Counseling is required for Federal Direct loan program recipients at graduation, or if enrollment drops below half-time during a fall or spring semester. 

To complete loan counseling, follow the link below:

• Federal Direct Loan Exit Counseling

Pre-2009 Family Federal Education Student Loans (FELP)

For Federal Loan exit counseling assistance, please contact your lender(s) or the Office of Scholarships and Financial Aid. Failure to complete Exit Counseling will result in a "hold" being placed on your records.

You may access information on your loans at National Student Loan Data System (NSLDS). Through this website, you can view all federal loans in your name, including Parent Plus loans with contact information for your lender, guaranty agency, service provider, and school.

If you had a Family Federal Education Loan Program (FFELP) loan and you now need to complete your exit counseling, please go to Federal Loan Exit Counseling.