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Completing the Master Promissory Note
and Entrance Counseling


First-time borrowers of Federal Perkins Loans, Federal Direct Stafford Loans, or Federal Direct Plus Loans must sign a Master Promissory Note (MPN) as well as complete an Entrance Counseling Session, two documents in which the lender communicates rights, responsibilities, loan terms, and obligations to the borrower.

The FSA ID ― a username and password ― has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to fafsa.gov, the National Student Loan Data System (NSLDS®) at www.nslds.ed.gov, and StudentLoans.gov. Visit this page for detailed instructions.

Instructions for each type of loan are provided below.


Federal Perkins Loans

Federal Perkins Loan borrowers must complete a Master Promissory Note in person at the Office of the Controller after the student registers for the term.


Federal Direct Stafford or Plus Loans




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Student Financial Aid
220 North 7th Street
150 Tirey Hall
Indiana State University
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