Loan Counseling and Master Promissory Note

Prior to receiving the first disbursement of any Federal Direct Loan students must complete entrance counseling and complete a Master Promissory Note (MPN). In addition, all student borrowers of a loan made under the Federal Direct Loan Program must complete exit counseling after the borrower ceases to attend at least half-time enrollment or graduates from the college.

Entrance Counseling

How to complete Entrance Counseling for a Direct Unsubsidized Loan:

1.  Visit studentloans.gov
2.  Log in using your FSA-ID
3.  Select the Complete Entrance Counseling link
4.  Make sure to select Subsidized/Unsubsidized Loan Entrance Counseling for Graduate students
5.  Select to Notify Southwestern College
6.  Complete Sections 1-5

Graduate PLUS loan entrance counseling will be completed with direct unsubsidized loan counseling for graduate students. If you apply for a graduate PLUS loan and further counseling is required, you will be notified by the Financial Aid Office via email.

Master Promissory Note

How to complete a Master Promissory Note for a Direct Unsubsidized Loan:

1. Visit studentloans.gov
2. Login using your FSA-ID
3. Complete Loan Agreement for a Subsidized/Unsubsidized Loan (MPN)
4. Select to Notify Southwestern College
5. Complete Sections 1-5

The graduate PLUS loan requires its own Master Promissory Note. To complete one, please follow the ‘how to complete a Master Promissory Note’ for a direct unsubsidized loan and choose ‘complete loan agreement for a plus loan’ (MPN) in step three.