Marlboro College

Offices Applying for Federal Direct Stafford Loans

Federal Direct Stafford loans are student loans that can help cover the cost of your college education at Marlboro. All Stafford loans must be borrowed through the Federal Direct Loan Program (officially known as the William D. Ford Federal Direct Loan Program). Your lender will be the U.S. Department of Education. If you have been awarded federal student Stafford loans in your financial aid package, and you did not borrow last year, the following information will assist you with the required steps that will lead to disbursement of your loans should you chose to accept them.

Requirements:

  1. Master Promissory Note (MPN)
  2. Federal Stafford Loan Entrance Counseling

Why is a master promissory note (MPN) needed for my Stafford loan?

A master promissory note is your contract; by signing it you are agreeing to repay your loan and abide by the terms and conditions of the loan. If you are borrowing a federal student Stafford loan you must complete a MPN. 

How do I complete my MPN?

Who is required to complete federal Stafford loan entrance counseling?

How do I complete entrance counseling?

Return to the home page at www.studentloans.gov, in the Manage My Direct Loan section click on Entrance Counseling.

Why do I need entrance counseling?

Entrance counseling explains your rights and responsibilities when borrowing a federal student Stafford loan. It is a federal requirement that you complete counseling if you are borrowing a Stafford loan.

Do I have a deadline?

Marlboro College’s deadline is July 1 for both the MPN and entrance counseling concerning loans to take affect the next academic year.

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