Before receiving your first Federal Direct Loan at CU Denver, the US Department of Education requires that you complete the online Loan Entrance Counseling and Master Promissory Note (MPN). The Loan Entrance Counseling covers your rights and responsibilities, interest rates, repayment options, and the consequences of default or not repaying your loan. The Master Promissory Note (MPN) is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees to your lender or loan holder. There is one MPN for Direct Subsidized/Unsubsidized Loans and a different MPN for Direct PLUS Loans.
To meet the Federal Direct Loan requirements:
1. Complete the online Entrance Counseling and MPN at StudentAid.gov (be sure to select University of Colorado Denver, school code 004508, as your college)
2. You'll need an FSA ID to log in and complete the loan requirements. It takes approximately 20-30 minutes to complete
3. Retain a copy of your MPN for your records
PLUS Credit Counseling can be completed voluntarily at any time. If PLUS Credit Counseling is completed voluntarily and you are determined to have an adverse credit history by the U.S. Department of Education within 30 days of PLUS Credit Counseling completion, your PLUS Credit Counseling requirement will be considered to be fulfilled.
Exit counseling provides important information to prepare you to repay your federal student loans.
If you have received a subsidized, unsubsidized, or PLUS loan under the Federal Direct Loan or the FFEL* Loan Program, you must complete exit counseling each time you:
Note: The FFEL Program ended June 30, 2010 and no new loans have been made under the FFEL Program after that date.
At the end of the exit counseling session, you will be asked for information that will be included as part of your loan records. You must provide the following:
Names, addresses, email addresses, and phone numbers for:
To complete exit counseling, you will need:
Useful Information to Help Complete the Exit Counseling: