Quinnipiac University
A student working with staff in the Advising Commons.

Undergraduate Loans

Entrance Counseling and Master Promissory Note (MPN)

All students who borrow federal student loans are required to complete an acknowledgement that they understand how much they are borrowing and how the loans will be repaid. Below is an overview of the steps you need to take in order for your loan funds to be disbursed to Quinnipiac.

Entrance Counseling and Master Promissory Note (MPN)

Required for all FIRST-TIME federal student loan borrowers

All first-time federal student loan borrowers are required to complete both an Entrance Counseling Session and sign an electronic Master Promissory Note (MPN) on the government website. Entrance Counseling takes approximately 20 minutes to complete and provides guidance to ensure student borrowers understand the responsibilities of assuming a student loan. The MPN is a promise to repay the borrowed federal loan(s), including any interest that has accrued during the deferment and repayment period. Federal loan proceeds will electronically transfer to your student account at Quinnipiac University.

Visit studentaid.gov for more information and to complete the process

The Annual Student Loan Acknowledgment Process (ASLA)

Required for all RETURNING federal student loan and Parent PLUS borrowers

Per the Department of Education, as of the 2021-2022 academic year, all student and parent borrowers are now required to view how much they currently owe in federal educational loans each year, and to acknowledge this amount, before a school can disburse the Direct Loan that a student or parent borrower accepts for each new award year.

This new requirement is called the “Annual Student Loan Acknowledgment Process” (ASLA)

Visit studentaid.gov/asla for more information and to complete the process