Final Steps in Receiving Your Federal Direct Loan

If you received a Federal Direct Loan as part of your financial aid award and/or are a first-time loan borrower, please complete the following requirements:

  1. Entrance Counseling
    Entrance counseling will walk you through the Direct Loan process and explain your rights and responsibilities as a borrower. All first time Direct Loan borrowers must complete entrance counseling before their loans can be disbursed.
  2. Master Promissory Note (MPN)
    The Master Promissory Note (MPN) is a legal document in which you promise to repay your loans(s) and any accrued interest and fees to the U.S. Department of Education. It explains the terms and conditions of your loan(s). Once you complete the MPN, you will not have to complete another Direct Loan Promissory Note for the duration of your Lawrence education.