Student Loans Student Loans

Student Loan Information

Entrance Counseling

Entrance Counseling is a federal requirement for all Federal Direct Loan recipients. The funds for your loan will not be disbursed until you have completed the counseling. Entrance Counseling provides you with information about your rights and responsibilities as a borrower, interest rates, expenses, repayment plans, and other important details about borrowing and who to contact with questions

To Complete Your Online Entrance Counseling:

  1. Go to studentloans.gov.
  2. Select “Log In” (Note: You will need your FSA ID to access the counseling session. If you have forgotten your FSA ID username and/or password, you can retrieve it after clicking “Log In.”)
  3. Click Complete Loan Counseling and then “Start” next to Entrance Counseling. Follow the directions.
  4. Add West Virginia University at Parkersburg as a school to notify on the left-hand side. Make sure to select “Notify this school” – it will show West Virginia University at Parkersburg on the right hand side after you have selected it properly.
  5. Select your student type – you are completing entrance counseling to receive Direct Loans as an undergraduate student. Select “Continue.”
  6. Begin the Quiz. (Please read very carefully. You will not be able to go to the next step until the current page has been completed.)
  7. At the end of the quiz, read your rights and responsibilities and click Submit.

Master Promissory Note (MPN)

The Loan Agreement, also called a 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. Dept. of Education. It also explains the terms and conditions of your loan(s); for instance, it will include information on how interest is calculated and what deferment and cancellation provisions are available to you.

To Sign Your Loan Agreement:

  1. Go to studentloans.gov
  2. Select “Log In” (Note: You will need your FSA ID to sign the MPN. If you have forgotten your FSA ID username and/or password, you will be able to retrieve it after selecting “Log In.”)
  3. Sign in using requested information.
  4. Select Complete Loan Agreement (Master Promissory Note).
  5. Select “Start” next to the MPN for Subsidized/Unsubsidized Loans.
  6. You will be required to provide current contact information for yourself and two references who do not live in your residence. (Complete Address, City, State, Zip, Phone Number, and Email.)
  7. Please read the complete MPN before you submit; it is a binding contract in which you agree to all terms and conditions of repayment and use of funds.

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

Exit Counseling is a requirement that is established after you go below half-time status (6 credits). As soon as you go below half-time status, you enter a six-month grace period, as applicable. If you have not re-enrolled in classes for at least half time at the end of your grace period, you will become responsible to begin repayment on your Direct Stafford Loans. Exit Counseling provides you with information about your rights and responsibilities as a borrower of student loans, budgeting tips and repayment plan options.

To Complete Your Exit Counseling:

  1. Go to studentloans.gov.
  2. Select “Log In” (Note: You will need your FSA ID to access the counseling session. If you have forgotten your FSA ID username and/or password, you can retrieve it after clicking “Log In.”)
  3. Select “Complete Loan Counseling.”
  4. Select “Start” next to “Exit Counseling.”
  5. Add West Virginia University at Parkersburg as a school to notify on the left-hand side. Make sure to select “Notify this school” – it will show West Virginia University at Parkersburg on the right hand side after you have selected it properly. (Hint: Once the school is listed at the top you should click “continue.”)
  6. Begin the counseling session. It is important to note there are five steps. You must answer questions on each page before moving on.

After submitting your Exit Counseling, West Virginia University at 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.

Financial Aid Terms & Conditions

The current Financial Aid Terms and Conditions are not yet available.

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