2023 - 2024 Federal Direct Subsidized/Unsubsidized Loan(s) Form

Office of Student Financial Planning

Drawer #49

One University Parkway

High Point, NC 27268

Phone (336) 841-9124; Fax (336) 841-4649

Roberts Hall ~ Room 100

Student Information

Last Name: _______________________________ First Name: ________________________________ MI: __________________

HPU ID: ______________

Date of Birth: _____________________

Step 1

Important Information Regarding your Student Loan(s)

Your Federal Direct Student Loan(s) will not disburse into your student account until all necessary steps on this form have been completed, and

this form has been returned and processed by the HPU Student Financial Planning Office.

**First time borrowers must complete Loan Entrance Counseling (Step 1) & sign a Master Promissory Note MPN (Step 2) for the loan(s) to

disburse**

**To decline your Federal Loan(s) - Skip to step 3 and select #2**

Loan Entrance Counseling - STUDENT - Complete online at https://studentaid.gov

Step 2

Master Promissory Note (MPN) - STUDENT - Complete online at https://studentaid.gov

Click the Log In button - sign in using your FSA ID (username & password)

Once signed in, Click on “Loans and Grants” Menu and choose “Master Promissory Note (MPN)”, then click blue start button to the right of the borrower

type

You can now complete the Master Promissory Note. It will ask you to confirm your contact information and provide two references of people that will know

your contact information in the future. This is a binding, legal document through which you, as the borrower, agree to repay the loan. It should be read

carefully and a copy retained for your records.

Step 3

Please indicate your decision regarding your student loan(s) **please check ONLY one of the three options**



Decline

Reduce

to $ ____________

Step 5 Sign this Form

__________________________________

Student Signature (must be signed in ink) Date

By signing this form, I certify that, if accepting all or a portion

my loans, I

have completed Steps 1 & 2 on

https://studentaid.gov.

I also

acknowledge that to be eligible to receive any federal loan funds I

must be enrolled at least half time.

Click the Log In button - sign in using your FSA ID (username & password)

Once signed in, Click on “Loans and Grants” Menu and choose “Loan Entrance Counseling”, then click the blue start button to right of student type

Add School to notify - choose North Carolina as state and High Point University as school

You can now complete the Entrance Counseling

You must answer all of the questions and then at the end you will get a green box that pops up thanking you for completing Entrance Counseling



Step 4 Title IV Funds Authorization

I grant permission for High Point University to use my Federal Title IV funds (including Pell Grant, SEOG and Direct Stafford Loans) for charges

other than tuition, fees, housing and meal plan - these additional charges may include student health insurance, tuition protection insurance,

Student Health charges, parking tickets, Student Life violations, book store charges, replacement IDs, etc.

You may rescind this authorization at any time by completing a cancellation of authorization form. Any cancellation of authorization goes into effect on the date

that the cancellation is signed. Cancellations can not be retroactive.

I wish to decline or reduce the Federal Direct Subsidized Loan (if applicable)

I wish to decline or reduce the Federal Direct Unsubsidized Loan (if applicable)



I wish to adjust the Federal Direct Unsubsidized Loan to the following amounts: Fall = __________ Spring = ___________ Summer = _______



I ACCEPT the Federal Direct Subsidized/Unsubsidized Loan(s) as they appear in my financial aid offer

I DECLINE the Federal Direct Subsidized/Unsubsidized Loan(s) as they appear in my financial aid offer

I ACCEPT the Federal Direct Subsidized/Unsubsidized Loan(s) WITH the following CHANGES **please note changes are for the academic year**