Federal Loan Requirements
The requirements listed below must be completed to allow your federal loans to disburse onto your account and to allow your transcript to be released after you graduate. These requirements only need to be completed once during your undergraduate career. To complete any of the federal loan requirements listed below, you will need your personal FAFSA PIN. If you have forgotten your PIN, go to http://www.pin.ed.gov/ to request it. We encourage you to electronically save all information for your records.
Federal Direct Loan Borrowers
Signing Your Direct Loan Electronic Master Promissory Note (eMPN)
Students who are borrowing a Federal Direct Loan for the first time and have already received a Financial Aid award letter must complete an eMPN.
Please note that students cannot sign their eMPN until they receive notification via email from the Financial Aid Office informing them of the web links to use. Do not try to complete the requirements until you receive this notification.
There is no need to submit a copy of your eMPN to the Financial Aid Office. We will receive an electronic notice that the eMPN has been signed and is valid. At that time, your Federal Direct Loan will be scheduled for disbursement.
In order to sign your eMPN, please visit www.dlenote.ed.gov. Signing your eMPN is a 10-step process and will require at least 30 minutes to complete.
Federal Direct Loan ENTRANCE COUNSELING
All first-time borrowers at the University of Rochester must complete loan entrance counseling before loan proceeds can be credited to their student accounts. This entrance counseling session will take approximately 25-30 minutes. After you complete the entrance interview quiz, our office will be notified by the U.S. Department of Education within approximately one week that you have completed entrance counseling.
In the entrance counseling session, you will learn:
- your rights and responsibilities as a borrower
- information on interest rates, expenses, repayment plans, and other important details about borrowing
- who to contact with questions
Note: You may attempt to pass the quiz three times. If you do not pass on your third attempt, you must contact the Loan Coordinator at the Financial Aid Office to set up an in-person session.
Click here to begin the Direct Loan Entrance Counseling.
Federal Direct Loan EXIT COUNSELING
All students who have borrowed through the Federal Direct Student Loan program while at the University of Rochester must complete a loan exit counseling session during their last semester prior to graduation. Other conditions that require exit counseling include withdrawing, becoming inactive, or falling below half-time status. This loan exit session will take approximately 30 minutes to complete.
If you do not complete a loan exit counseling session, your University of Rochester transcript will be held until this requirement has been completed.
In the exit counseling session, you will learn:
- your rights and responsibilities for repayment
- your repayment options
- how to defer your loans while in graduate school
- who your loan servicer is and how to contact them
After you complete the exit interview quiz, our office will be notified by the U.S. Department of Education within approximately one week that you have completed exit counseling.
Click here to begin the Direct Loan Exit Counseling.
Federal Perkins Loan Borrowers
Perkins Electronic Master Promissory Note (eMPN)
Students who are borrowing a Federal Perkins Loan for the first time and have already received a Financial Aid award letter must complete an eMPN.
There is no need to submit a copy of your eMPN to the Financial Aid Office. We will receive an electronic notice that the eMPN has been signed and is valid. At that time, your Federal Perkins Loan will be scheduled for disbursement.
Click here to begin the Perkins Electronic Master Promissory Note.
Perkins ENTRANCE COUNSELING
All first-time borrowers at the University of Rochester must complete loan entrance counseling before loan proceeds can be credited to their student accounts. This entrance counseling session will take approximately 25-30 minutes.
In the entrance counseling session, you will learn:
- your rights and responsibilities as a borrower
- information on repayment, interest rates, and other important details about borrowing
- whom to contact with questions
After you complete the Perkins entrance counseling, our office will be notified via an electronic report that you have completed the session.
Click here to begin the Perkins Loan Entrance Counseling.
Perkins EXIT COUNSELING
All students who have borrowed from the Federal Perkins Student Loan program while at the University of Rochester must complete a loan exit counseling session during their last semester prior to graduation. Other conditions that require exit counseling include withdrawing, becoming inactive, or falling below half-time status. This loan exit session will take approximately 30 minutes to complete.
If you do not complete the Perkins loan exit counseling session, your University of Rochester transcript will be held until this requirement has been completed.
In the exit counseling session, you will learn:
- your repayment terms and conditions
- how to defer your loans
- who your loan servicer is and how to contact them
After you complete the Perkins exit counseling, our office will be notified via an electronic report that you have completed the session.
Click here to begin Perkins Exit Counseling.
