Entrance Loan Counseling
Certification
As a first time loan borrower you are required to receive entrance loan counseling which
provides comprehensive information on the terms and conditions of loans as well as your
rights and responsibilities as a student loan borrower. You should have received and read
the document ‘A Guide to Your Educational Loan Debt’ which serves as your entrance
loan counseling material from the financial aid office.
Please check off the following statements and sign the certification so that we may continue
processing your requested student loan(s).
□ I have read and understand ‘A Guide to Your Educational Loan Debt’
□ I understand that it is my responsibility to pay back my loan debt once I have
entered into repayment.
□ I understand that when I graduate, drop below ½ time enrollment, take a leave
of absence, or withdraw, my loans will go into repayment (after my specified
grace period).
□ I understand that if I borrow an unsubsidized loan, the interest will begin to
accrue from the time that the loan is disbursed.
□ I understand that I am responsible for attending exit loan counseling before I
graduate, leave/withdraw, or drop below ½ time enrollment
□ I understand that once my loan is processed, I will sign a Master Promissory
Note (MPN) and that this note will allow me to receive multiple disbursements
over a maximum 10-year period.
□ I understand that each year before disbursement, if I request a loan, I will
receive a disclosure statement showing the amount and terms of that loan.
By signing this form I certify that I understand the terms and conditions of the loans I may
borrow and that if I have any questions, I will contact the financial aid office.
Name(printed): __________________________________ Date: __________________
Signature:_______________________________________________________________