Additional Paperwork Required for Perkins Loans
Master Promissory Note for Federal Perkins Loans
The Master Promissory Note (MPN) is a legal and binding document in which you agree to repay your student loan. Under this note, you may receive multiple Federal Perkins loans over a maximum of 10 years. The advantage of using the MPN is that a new promissory note will not need to be signed for each new loan. The Master Promissory Note must be completed when you accept your loan on campus connection for all students who have never received a Perkins Loan before.
Entrance Loan Counseling for Perkins Loans
Before receiving a Perkins loan, first-time borrowers must complete Entrance Loan Counseling (ELC) at http://mappingyourfuture.org/oslc/counseling/index.cfm?act=Intro&OslcTypeID=3 online (AFTER you are admitted to NDSU).
We strongly encourage you to review your Rights and Responsibilities.