Master Promissory Note (MPN), Loan Entrance and Exit Counseling
Students who borrow are required to complete counseling and a master promissory note (MPN) before receiving their first loan proceeds and again shortly before graduating/leaving school.
You may select the appropriate counseling session by clicking on the link below. If you have recently applied for your first loan, click on "Entrance Counseling." If you are about to graduate or leave school, click on "Exit Counseling."
Direct Loan Master Promissory Note (MPN)
The Subsidized/Unsubsidized 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.
All borrowers must have a completed MPN on file with the Department of Education. If you completed a Direct Loan MPN for an earlier loan at Wichita State, you may not need to complete another one. All new borrowers must complete a MPN electronically at the Direct Loan website.
Loan Entrance Counseling
Undergraduate Students: If you are borrowing a student loan as an undergraduate student, completing entrance counseling will fulfill the counseling requirements for both Direct Subsidized Loans and Direct Unsubsidized Loans.
Graduate Students: If you are borrowing a student loan as a graduate student, completing entrance counseling will fulfill the counseling requirements for Direct Unsubsidized Loans and Direct PLUS Loans.
Loan Exit Counseling
Undergraduate Students: If you are borrowing a student loan as an undergraduate student, completing entrance counseling will fulfill the counseling requirements for both Direct Subsidized Loans and Direct Unsubsidized Loans.
Exit counseling provides important information to prepare you to repay your federal student loan(s). If you have received a subsidized, unsubsidized, or PLUS loan under the Direct Loan Program or the FFEL Program, you must complete exit counseling each time you:
- Drop below half-time enrollment
- Withdraw or leave school
- Graduate