Federal Direct Stafford Loans: Entrance Counseling, Master Promissory Note, and Exit Counseling
The U.S. Department of Education requires first-time borrowers in the Federal Direct Stafford Loan Program to complete an online loan entrance counseling session before loan funds will be credited to your account.
The session provides you with useful tips and tools to develop a budget for managing educational expenses and understand loan responsibilities.
Start your online loan entrance counseling session now. (takes 20 to 30 minutes to complete)
Master Promissory Note (MPN)
Federal regulations require that first-time Direct Loan borrowers complete an online Master Promissory Note (MPN). Loan proceeds will not be disbursed until the loan counseling requirement has been met.
If you have borrowed previously, but are a new borrower with the Direct Loans Program, you must also complete an MPN.
Complete your MPN now.
If you received money in the Federal Direct Stafford Loan Program while pursuing your degree or if you are leaving the university before completing your degree, you must complete an online exit counseling session upon your departure from Ball State.
The session is to help you understand your rights and responsibilities as a borrower.
Start your online exit counseling session now. (takes 20 to 30 minutes to complete)
For additional information about exit counseling, go to the Exit Counseling Guide for Direct Loan Borrowers PDF provided by the U.S. Department of Education.
Financial Aid and Scholarships
Lucina Hall, room 245
Muncie, Indiana 47306
7:30 am-4:00 pm (Monday-Friday)
Walk-in counseling hours:
8:00 am-3:30 pm (Monday-Friday)
Phone operator hours:
7:30 am-3:45 pm (Monday-Friday)
Phone: 765-285-5600 or
Fax: 765-285-2173 or