Master Promissory Notes & Entrance Counseling
When a student borrows a federal student loan through the Direct Loan programs, s/he must complete a Master Promissory Note (eMPN) and Entrance Counseling. Of course, a FAFSA must be on file for the academic year in order for us to process these loans.
The Federal Government and our office believe it is important to know what the terms and conditions prior to receiving proceeds from the loan. First-time borrowers must complete these steps before funds will disburse (pay out) to your account. The Master Promissory Notes are valid for 10 years, so it is only required once within that time period. To complete the eMPN and Entrance Counseling, click below:
Federal Loan Borrowers of the Direct/Stafford Loans and Perkins Loan programs must completed Loan Exit Counseling. Exit Counseling is available online. Group in-person sessions are held at the end of each term.
Students will receive an email with Exit information after they have applied to graduate with the Student Records/Registrar's Office. Students who cease to enroll at Geneseo, due to Withdrawal or Leave of Absence, will be asked to complete Exit Counseling.
The purpose of Exit Counseling is to help you learn:
- How much you have borrowed and to who do you pay;
- Which repayment plan is right for you;
- Options for loan forgiveness and/or loan discharges;
- Your options if you have a financial hardship; and
- Strategies for debt management.
Exit Counseling is MANDATORY for federal loan borrowers. Failure to complete the Exit Counseling will result in a hold on your student record; meaning official academic transcripts and registration activity are blocked. A printable version of the Direct Loan Exit Counseling Guide is available online, https://studentaid.ed.gov/sa/sites/default/files/loan-exit-counseling.pdf
To complete the Exit Counseling requirement online, click below: