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Loan Counseling

Loan counseling at the beginning and end of the process will help you understand the basics of student loans, repayment, and responsible borrowing.

First-time borrowers:

Complete the Loan Entrance Counseling and Master Promissory Note

Details

First-time borrowers must complete loan entrance counseling in order to receive loan funding. If you’ve never received a subsidized/unsubsidized loan or graduate PLUS loan, follow these steps. The tutorial takes about 30 minutes to complete.

Your Master Promissory Note (MPN) is your agreement to repay your loans. It contains the terms and conditions of your loans. You’ll sign it electronically before you can receive loan funding.

How?

  1. Visit studentloans.gov
  2. Log in using your FSA ID
  3. Select “Complete Loan Counseling (Entrance, Financial Awareness, Exit)”
  4. Click “Start” next to Entrance Counseling
  5. Under “Add School to Notify”, select Boise State University
  6. Click “Continue” to begin the tutorial and complete all pages
  7. If you haven’t already done so, complete your Master Promissory Note (MPN) – also on studentloans.gov. Return to the main menu (Step 3) to select.

screenshots for loan entrance counseling at studentloans.gov

When?

Complete your loan entrance counseling when you accept your loans, prior to the start of the semester. Boise State is notified within 2-3 days of your successful loan entrance counseling. You can check your Student Center To Do list to make sure the “Loan Counseling” item clears.

When you graduate, withdraw, or are enrolled less than half-time:

Complete the Loan Exit Counseling

Details

You will be notified via studentloans.gov when it’s time to complete your exit counseling.

The exit counseling tutorial allows you to set up your repayment plan and estimate payment amounts. Since your loans will be in their grace period for repayment, this is a great time to plan how to repay your loans.  

How?

  1. Visit studentloans.gov
  2. Log in using your FSA ID
  3. Select “Complete Loan Counseling (Entrance, Financial Awareness, Exit)”
  4. Click “Start” next to Exit Counseling
  5. Under “Add School to Notify”, select Boise State University
  6. Click “Continue” to begin the tutorial and complete all pages

Exit counseling how-to screenshots

What if I'm coming back to school?

We strongly encourage you to complete loan exit counseling. You’ll learn valuable information about repayment, your current balances, and how to manage your current and future loans.

Why was I notified about Exit Counseling? I took loans at Boise State years ago.

Federal regulations require that we notify you about Exit Counseling if you received loans at Boise State anytime in the past, so we send you a notice when you enroll less than half-time or withdraw. If you have paid your loans in full or already completed exit counseling, disregard the messages. You’ll still be eligible to receive transcripts, enroll in classes, etc. 

Perkins Loan Borrowers

Special Instructions

A separate Master Promissory Note and exit counseling are required for students receiving Perkins loans. You can complete both through ECSI – Boise State’s Perkins loan servicer.

Not sure if you have a Perkins loan? Contact the Financial Aid and Scholarships Office for details.

If you are having trouble with your Perkins MPN or exit counseling, we can help. Contact us at (208)426.1212 or financialaid@boisestate.edu.