Loan Counseling and Promissory Note


Direct Loan Master Promissory Note

You must complete and electronically sign a master promissory note for any federal Direct Loan. This is your agreement with the U.S. Department of Education that you will repay your loan.

When completing your master promissory note, you will need to have the contact information for two references, then follow these steps.

  1. Go to Federal Student Aid’s StudentLoans.gov.
  2. Login by entering your FSA ID username and password.
  3. Select the link "Complete Loan Agreement (Master Promissory Note)," then select “Start” next to the type of Direct Loan MPN you would like to complete.
  4. Remember to save a copy of your Confirmation Page for your records. The JCCC Financial Aid Office is notified electronically once you complete your MPN online. 

Direct Loan Entrance Counseling

This must be completed in order for students to receive Direct Loan funds, and gives general information on student loans and the rights and responsibilities associated with them.

  1. Go to Federal Student Aid’s StudentLoans.gov.
  2. Login by entering your FSA ID username and password.
  3. Select the link "Complete Loan Counseling (Entrance, Financial Awareness, Exit)," then select "Start” next to “Entrance Counseling."
  4. Remember to save a copy of your Confirmation Page for your records. The JCCC Financial Aid Office is notified electronically once you complete your counseling online.

Direct Loan Exit Counseling

This must be completed when you withdraw, graduate, or drop below half‐time attendance (even if you plan to transfer to another school).  This is designed to help you understand your rights and responsibilities as a student loan borrower.

  1. Go to Federal Student Aid’s StudentLoans.gov.
  2. Login by entering your FSA ID username and password.
  3. Select the link "Complete Loan Counseling (Entrance, Financial Awareness, Exit)," then select "Start” next to “Exit Counseling."
  4. Remember to save a copy of your Confirmation Page for your records. The JCCC Financial Aid Office is notified electronically once you complete your counseling online.