Entrance Counseling and Master Promissory Note
To be eligible for Subsidized, Unsubsidized or PLUS loans, all first-time borrowers (and/or parent borrowers) must complete online Entrance Counseling.
During entrance counseling, you will learn basic information about budgeting and your responsibilities as a borrower.
New borrowers must also complete a Master Promissory Note (MPN) which is a multi-year contract containing the terms of your federal educational loan.
You will receive information from our Financial Aid Officer on how and when to complete Entrance Counseling and a Master Promissory Note (MPN).
You must also complete online Exit Counseling for educational loans borrowed while at Birthingway when you start the graduation process or any time you drop below half-time.
Exit Counseling is similar to the Entrance Counseling and is an extremely important process by which you will learn about your rights and responsibilities as a borrower, learn about repayment options and update your contact information with the Department of Education.
Federal Loan Servicers
The Department of Education uses a number of loan servicing companies for their federal student loans. Your loan servicer will be automatically assigned to you and will be the point of contact for repaying your loans.
National Student Loan Data System
The National Student Loan Database System (NSLDS) is a tool to help you learn about the status of your federal loans and Pell Grants from any institution you have attended, including when and what disbursements were made and total outstanding federal loan balances. You’ll need the same PIN used for the FAFSA to log in to the database.
Direct Loan Consolidation
The Department of Education has a lot of good information about Direct Loan Consolidation. Consolidation is the process that allows you to combine multiple federal loans into one loan.
If you have a dispute about your federal student loan, it may be appropriate to contact the Federal Student Aid Student Loan Ombudsman. Visit the federal student aid website to learn more about when it is, and is not, appropriate to contact the Ombudsman, and to get current contact information.