Master Promissory Note (MPN) and Entrance/Exit Counseling
A MPN and Entrance Counseling session are required before you can receive Federal Direct Loan funds. The MPN is your promise that you will repay your Federal Direct Loan(s). Entrance Counseling is an online tutorial that gives you details about your loan including your rights and responsibilities. Students who received funds from the Direct Unsubsidized Loan program at Fordham in prior years do NOT have to complete another MPN or Entrance Counseling Session.
If you have borrowed under the Federal Subsidized/Unsubsidized and/or Graduate PLUS programs while at Fordham, it is a federal regulation that you complete an Exit Counseling Session. This allows you to view a summary of all your federal loans, including the principal balance and any accrued interest, as well as up-to-date servicing information for each of your loans. This information is critical because the loan you borrowed may now be collected through a different holder from the time you borrowed.
Fordham’s Office of Student Financial Services offers in person Exit Counseling sessions at the Rose Hill and Lincoln Center campus at the end of each term. Students who are graduating or have withdrawn from the University will receive invitations to these sessions via email.