2021 - 2022 Federal 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
Room 100 of Roberts Hall
Student Information
Last Name: _______________________________ First Name: ________________________________ MI: __________________
HPU ID: ______________
Social Security Number:________________________ Date of Birth: _____________________
Step 1
Important Information Regarding your Student Loan(s)
Your Federal Direct Student Loan(s) will not disburse onto your student account until all necessary steps on this form have been completed, and
this form has been returned to the HPU Financial P
lanning Office.
**First time borrowers must complete Entrance Counseling (Step 1) and sign a Master Promissory Note (Step 2) for the loan(s) to disburse**
**Returning Students who have previously received federal loans while attending HPU - Skip to Step 3**
**To decline your Federal Loan(s) - Skip to step 4 and select #2, the option to decline your loan(s)**
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 “Complete Aid Process” Menu in top right and choose “Complete Master Promissory Note”, then click first blue “Start” button next to Subsidized/
Unsubsidized Loans. 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 4
2:
1:
3:
Please indicate your decision regarding your student loan(s) **please check ONLY one of the three options**
Decline
Decline
Reduce
Reduce
OR
OR
to $ ____________
to $ ____________
Step 6 Sign this Form
__________________________________
Student Signature (must be signed in ink) Date
By signing this form, I certify that, if accepting all or a portion
of
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 “Complete Aid Process” Menu in top right and choose “Complete Entrance Counseling”, then click blue “Start” button to proceed Add School to notify
- choose North Carolina as state and High Point University as school
Then click, stating whether you are an Undergraduate or Graduate student. 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 5 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, room and board - 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 appear on my award letter
OR
I DECLINE the Federal Direct Subsidized/Unsubsidized Loan(s) as appear on my award letter
OR
I ACCEPT the Federal Direct Subsidized/Unsubsidized Loan(s) WITH the following CHANGES **please note changes are for the academic year**
Step 3 Annual Student Loan Acknowledgment - 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 “Complete Aid Process” Menu in top right and choose “Complete Annual Student Loan Acknowledgment”, then click the blue “Start” button
If this is your first time accepting a federal student loan, you are acknowledging that you understand your responsibility to repay your loan. If you have existing federal student loans,
you are acknowledging that you understand how much you owe and how much more you can borrow.
After reviewing the information, click on box acknowledging you have reviewed the material presented to you then click the blue 'Submit' button
