Institutional Loan Requirements

Required Documents

All recipients of these Institutional Loans are required to complete a master promissory note, entrance counseling, sign, date and return the yellow disclosure statement, as well as confirm TILA's prior to disbursement of the loan to your student account.

You will be notified of the requirements via email and a mailed loan package along with instructions prior to the beginning of the semester.

First-time Borrowers

Annual Disclosure Statement - The student is required to sign and return this form to the Office of the Bursar. This statement outlines any prior disbursements from the loan program, discloses interest rates, grace period and late fees. This form (printed on yellow paper) is mailed in the original loan package sent to your home address

  • Truth in Lending - TILA

    Annual Truth in Lending (TILA)The student is required to complete the TILA documents each time an Institutional Loan is awarded

  • Entrance Counseling

    Entrance Counseling - This is a tutorial on the importance of student loans and awareness of student loan debt.
  • Master Promissory Note - MPN

    Master Promissory Note (MPN) - This outlines your rights and responsibilities under the loan program. Your MPN is valid for 10 years.

Returning Borrowers

Annual Disclosure Statement - The student is required to sign and return this form to the Office of the Bursar. This statement outlines any prior disbursements from the loan program, discloses interest rates, grace period and late fees. This form (printed on yellow paper) is mailed in the original loan package sent to your home address

Annual Truth In Lending (TILA) - The student is required to complete the TILA documents each time an Institutional Loan is awarded

Exit Counseling

Loan exit counseling is designed to ensure that you understand you rights and obligations as a student loan borrower. The session outlines the repayment provisions, grace periods, deferment options and rights and responsibilities of a loan borrower.

Exit counseling is a federal requirement and failure to complete it could result in a hold on your official transcript, diploma and academic records.

An in-person exit counseling session can be scheduled with the Office of the Bursar upon request.