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Master Promissory Note and Loan Counseling for Federal Direct 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 subsidized and unsubsidized Federal Direct 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 with the Department of Education for all students who have never received a Federal Direct Loan before.

  • Federal Direct Master Promissory Note

    • Select Complete Loan Agreement for a Subsidized/Unsubsidized Loan (MPN) under the Undergraduate Students tab on StudentLoans.gov
    • Complete this AFTER you are admitted to NDSU
    • You must complete the MPN at each school where you borrow a Federal Direct Loan; having previously completed the MPN at another school will not meet federal requirements for loan funds to be paid to your student account.

  • Graduate PLUS Master Promissory Note

    • Select Complete Loan Agreement for a Subsidized/Unsubsidized Loan (MPN) under the Graduate/Professional Students tab on StudentLoans.gov
    • Complete this AFTER you are admitted to NDSU
    • You must complete the MPN at each school where you borrow a Federal Direct Loan; having previously completed the MPN at another school will not meet federal requirements for loan funds to be paid to your student account.

Entrance Loan Counseling (ELC)

First time loan borrowers must complete the Entrance Loan Counseling (ELC) before the loan will be disbursed to your student account.

  • Federal Direct Loan  - Entrance Loan Counseling 

    • Select Complete Entrance Counseling under the Undergraduate Students tab on StudentLoans.gov
    • Complete this AFTER you are admitted to NDSU
    • If you have previously completed Entrance Loan Counseling at another school, you will not need to complete it again.

  • Graduate PLUS - Entrance Loan Counseling

    • Select Complete Entrance Counseling under the Graduate/Professional Students tab on StudentLoans.gov

  • Nursing Student Loan - Entrance Loan Counseling

    • If you need assistance with completing Entrance Loan Counseling for the Nursing Student Loan contact Julie Flakker by email at julie.flakker@ndsu.edu or call 701-231-7538.
    • Must be completed annually for students receiving a Nursing Loan

Exit Loan Counseling

You will need to complete this within 30 days of graduating from NDSU. 


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North Dakota State University
Phone: +1 (701) 231-6200 / Fax: (701) 231-8297
Campus address: Memorial Union 176
Physical/delivery address: 1401 Administration Ave., Fargo, ND 58102
Mailing address: NDSU Dept. 2836 / PO Box 6050 / Fargo, ND 58108-6050
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Last Updated: Tuesday, June 19, 2018 2:38:25 PM
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