Financial Aid documents presentation FIRE 2020

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FEDERAL DIRECT LOANS studentloans.gov

YOU MUST COMPLETE THESE TWO ITEMS IN ORDER TO RECEIVE YOUR FEDERAL DIRECT LOANS: Federal Direct Loan Master Promissory Note at studentloans.gov

Federal Direct Loan Entrance Counseling at studentloans.gov

What is a Master Promissory Note (MPN)? A MPN is a legally binding contract that you sign, agreeing to repay the loan money you borrow. The MPN describes your rights and responsibilities as a student loan borrower.

What is Entrance Counseling? Entrance counseling is an online tutorial and quiz session to educate first-time borrowers, and takes roughly 25 minutes to complete. Returning students do not need to complete entrance counseling if they have borrowed a Federal Direct Loan in prior academic years.

Tiffin University participates in the Federal Direct Loan programs, which means all students receiving aid from this loan must complete a Master Promissory Note. Once you sign the MPN, a new MPN will not be required for any new Federal Loans for ten years. Items you will need to help you complete your MPN: 1. 2. 3. 4.

Student’s social security number Federal Student Aid user ID & password Driver’s license number N ames and contact information for two references 5. Student’s date of birth

Items you will need to complete your entrance counseling: 1. Student’s social security number 2. Your Federal Student Aid user ID & password 3. School name **Your MPN and entrance counseling must be completed before your loan will disburse to your student account.

studentloans.gov

FINANCIAL AID OFFICE . 155 Miami Street, Tiffin, OH 44883 . 419.448.3279 . Fax 419.443.5025 . finaid@tiffin.edu . tiffin.edu/finaid Tiffin University’s Non-Discrimination Policy and reporting information is available at tiffin.edu/institutionaldiversity/


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