Student Financial Aid
Frequently Asked Quesitons
Student Loans

Yes, the Entrance Counseling for new borrowers is a requirement for student loans. You may complete the process on the Direct Loan site. The AU Financial Aid Office has computers available for your use during regular business hours if you do not have access otherwise. Yes, by completing and ESigning your MPN, you are promising to repay all student loans made under this note. You may have to sign only one MPN for the life of your student loan. An MPN expires ten years after the note is signed. An MPN is revoked if the first disbursement is not made within one year. Yes, please contact the US Department of Education about your Loan Consolidation options. There are several repayment plans available. Please visit StudentLoans.gov for information about repayment plans and a repayment calculator. Parents of dependent students who wish to borrow a Parent PLUS Loan should refer to the Forms and Documents page for the Direct PLUS Loan Application. Instructions are included on the form. You should complete a Direct Loan Master Promissory Note as soon as possible if you plan to borrow a Subsidized or Unsubsidized Loan. No, you will not be required to complete Entrance Counseling each year if you have already completed the requirement. New borrowers are required to complete Direct Loan Entrance Counseling. After graduation, you have a choice. You may either make individual payments to your previous lender(s) and to the Department of Education for your Direct Loans or you can consolidate your loans into one simple payment. You may explore your options, as discussed above with the Federal Direct Loan Consolidation Program.