How to Complete Entrance Counseling and Master Promissory Note

Entrance Counseling and Master Promissory Notes are required in order to borrow federal student loans.  If your parent is borrowing a Parent PLUS Loan, they will be required to complete only a Master Promissory Note. In order to complete these, you will need your FSA ID – the same email/username and password you used to sign the FAFSA.  Entrance Counseling will walk you through all the details of your federal student loans including budgeting and repayment.  Your Master Promissory Note covers all the Terms & Conditions of borrowing federal student loans and is your promise to repay those loans.

Entrance Counseling

  1. Go to www.studentloans.gov.
  2. Log in using your FSA ID.
  3. Under the I Want To menu, select item #2, Complete Loan Counseling.
  4. Select Entrance Counseling.
  5. Add Platt College as your school to notify of completion and then hit the Notify This School button.
  6. Select Undergraduate student. Platt College only offers an undergraduate program.
  7. Complete Entrance Counseling.Please read through each section thoroughly and complete the Check Your Knowledge sections.Please note, this data does not get recorded or sent anywhere, it is only a simulation to help you understand borrowing federal student loans. If you are unsure of exact amounts, you can use estimations for the purpose of this simulation.
  8. After completion, there will be a Next-Steps menu on the right-hand side where you can select Complete Master Promissory Note. Start at step 4 below.

Master Promissory Note

*You will need two references (name, address, and phone number) ready to complete your MPN.

  1. Go to www.studentloans.gov.
  2. Log in using your FSA ID.
  3. Under the I Want To menu, select item #3, Complete Loan Agreement.
  4. Select MPN for Subsidized/Unsubsidized (Parents completing the MPN for the Parent PLUS Loan would select PLUS MPN for Parents).
  5. Complete all sections and add Platt College as your school to notify of completion.