Student Loan Information
Entrance Counseling
Entrance Counseling is a mandatory educational module that ensures you understand the terms and conditions of your loan and your rights and responsibilities as a borrower. You’ll learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default. When you finish with the module, a record of your completion will be sent to the school you select – make sure you select WVU Parkersburg! – and we can then process your student loan request. Follow the steps below to complete your Entrance Counseling:
- Go to studentaid.gov/entrance-counseling/
- Find the box labeled “I am an Undergraduate Student” and click the blue button on the right that reads “Log in to Start.”
- Use the FSA ID and password that you used to complete your FAFSA to log in.
- Follow the instructions in each section and complete the counseling module.
- Add WVU Parkersburg as your school and click “Notify this school.” WVU Parkersburg will move from the left to the right if you have successfully selected it.
- Make sure you click “Submit” at the end to complete the process. We should receive notification that your counseling is completed within 2-3 business days.
Master Promissory Note (MPN)
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. The MPN also explains the terms and conditions of your loan(s). When you finish with the MPN, a record of your completion will be sent to the school you select – make sure you select WVU Parkersburg! – and we can then process your student loan request. Follow the steps below to complete your MPN:
- Go to studentaid.gov/mpn/
- Find the box labeled “I am an Undergraduate Student” and click the blue button on the right that reads “Log in to Start.”
- Use the FSA ID and password that you used to complete your FAFSA to log in.
- Follow the instructions in each section and complete the MPN.
- Add WVU Parkersburg as your school and click “Notify this school.” WVU Parkersburg will move from the left to the right if you have successfully selected it.
- Make sure you click “Submit” at the end to complete the process. We should receive notification that your MPN is completed within 2-3 business days.
Confirmation of your electronically submitted Loan Agreement/Master Promissory Note will be submitted to our office within 1-2 business days by the federal government.
Exit Counseling
You must complete exit counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. In the exit counseling module, you’ll learn about what your federal student loan payments will look like, and a repayment strategy will be recommended to suit your future plans and goals. Follow the steps below to complete your MPN:
- Go to studentaid.gov/exit-counseling/
- Find the box labeled “I am an Undergraduate Student” and click the blue button on the right that reads “Log in to Start.”
- Use the FSA ID and password that you used to complete your FAFSA to log in.
- Follow the instructions in each section and complete the exit counseling session.
- Add WVU Parkersburg as your school and click “Notify this school.” WVU Parkersburg will move from the left to the right if you have successfully selected it.
- Make sure you click “Submit” at the end to complete the process. We should receive notification that your counseling is completed within 2-3 business days.
After submitting your Exit Counseling, WVU Parkersburg will be electronically notified within 1-2 business days.
If there are unsatisfied requirements showing on your OLSIS account, please follow the steps necessary in order to receive your financial aid. If this information is not completed and received, your financial aid will not be processed.