Master Promissory Note
Electronically Sign Your MPN (Master Promissory Note)
As of July 1, 2010, all student loans will be processed through the Federal Direct Student Loan Program. Students will no longer be required to select a lender as all loans are funded by the Federal Government. Once you receive your award notification from Rose State College students will be required to accept their student loan offer online using the RSC student information system (OASIS). Instructions on how to accept/decline your financial aid are located below.
Once you accept your student loan your information will be sent to the federal government for processing. After you accept your student loan you will be able to complete the MPN online. Once you complete the Direct Loan MPN it is good for up to 10 years and you will not need to complete a new MPN each year.
Reminder, first time students who are borrowing for the first time cannot receive the first disbursement of their student loan until 30 days into the semester.
Student loan debt is at an all time high throughout the United States. Students are finding it harder and harder to afford their loan payments due to the fact that they borrowed more than they needed. Failure to repay your student loans once you leave school will have negative affects on your credit rating making you unable to purchase the things you want such as a new car or a new or first home. The Federal Government may also garnish your wages and intercept any tax refunds in order to pay for a defaulted student loan. We encourage you to borrow responsibly and only borrow what you absolutely need in order to pay for your education. Loans should never be used to try and replace employment while you are in school.
Complete your Direct Loan MPN
To complete the MPN click the link below to be taken to the Direct Loan website. You will need your student PIN number to verify your identity and to electronically sign your MPN. If this is your first time to receive a student loan you are also required to complete loan entrance counseling. Loan funds can not be released until the entrance counseling requirement has been completed. Check the "Holds" area in student self service to see if you are required to complete entrance counseling. If you are unsure about entrance counseling it is best to retake the session to prevent delays in the disbursement of your Direct student loan. Entrance counseling can be completed from the Direct Loan MPN website as well. Please read all instructions carefully when completing the MPN or entrance counseling.
Accept/Decline Loan Instructions (PDF)
Complete Your Direct Loan MPN
Time Limitations on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013.
Entrance Loan Counseling - Complete the Entrance Loan Counseling requirement for student loan borrowers.
Financial Awareness Counseling - Financial Awareness Counseling provides tools and information to help you understand your financial aid and assist you in managing your finances. This is an optional process and does not replace the Entrance Loan Counseling requirement.