If you are borrowing the Federal Stafford Loan for the first time ever, you must complete the following processes before the loan can disburse:
1. Entrance Loan Counseling
Entrance Loan Counseling is designed to help you understand your rights and responsibilities as a new borrower of the Federal Stafford Loan. The online session will take approximately 30 minutes to complete.
- Start your entrance loan counseling online (new browser window will open).
- Sign in with your FSA ID.
- Click on Complete Loan Counseling in the middle of the page.
- Click on the Start button in the Entrance Counseling (Required) section.
- Select Wisconsin for School State and select University of Wisconsin - Stout from the drop-down list.
- Click Notify This School.
- Select if you are an undergraduate or graduate/professional student, and click Continue.
- Complete entrance loan counseling.
- Complete the Counseling Session/Quiz and Submit the information.
2. Master Promissory Note (MPN)
The electronic Master Promissory Note (eMPN) must be completed in a single session. Be sure you have enough time before you start this step! The eMPN will take approximately 10 minutes to complete. Collect all required information prior to beginning this step.
If you exit the eMPN before submitting, you will have to start from the beginning when you return to the site.
- Start your eMPN online (new browser window will open).
- Sign in with your FSA ID.
- Click on Complete Loan Agreement (Master Promissory Note) in the middle of the page.
- Select the Start button for the Subsidized/Unsubsidized MPN type.
- Complete the MPN.
- When listing references, the first reference should be a parent or legal guardian.
- Review your MPN before submitting.