Student Federal Direct Loan Requirements

Before federal student loans can pay to an account the student must complete Entrance Counseling and sign the Master Promissory Note at studentaid.gov. Use your student FSA ID to log into the website.

1. Complete Entrance Loan Counseling

First time Federal Direct Loan borrowers will need to complete both entrance loan counseling and a master promissory note through studentaid.gov before any loan funds will be disbursed to the university.

Entrance loan counseling informs you of your rights and responsibilities as a borrower. It also explains interest rates and the different types of federal loans available. Grand Valley will receive notice that you have completed the requirements directly from Direct Loans. Please allow 3-5 business days for us to receive notification


2. Sign a Master Promissory Note

The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s). Unless your school does not allow more than one loan to be made under the same MPN, you can borrow additional Federal Direct Loans on a single MPN for up to 10 years.

The entire MPN process must be completed in a single session, so be sure you have enough time before you start. Each MPN generally takes approximately 30 minutes to complete.

In this process, you will need the following information:

  1. Your FSA ID
  2. Two references including their address and phone numbers
  3. You MUST sign in at studentaid.gov to complete your MPN.