Completing Loan Requirements
Loan borrowers can view all Unsatisfied and Satisfied Loan Requirements in Banner Self Service. Be sure to accept or decline loans first! Once you make your borrowing decisions, a listing of all requirements will be displayed. You may also locate the requirements by choosing the Financial Aid tab, the appropriate student level, the appropriate Aid Year, and choosing the Requirements tab.
The Loan Office will send detailed emails to loan borrowers Brown University email account. The emails will provide instructions on how and when to complete each of the following loan requirements. Please contact the Loan Office with any questions.
|Subsidized & Unsubsidized Loans||Entrance Counseling & Master Promissory Note||first time borrower, remains valid up to 10 yrs||must be completed online at StudentLoans.gov|
|PLUS Loans||See PLUS Application details|
|Perkins Loans||Entrance Counseling & Master Promissory Note||first time borrower, remains valid up to 10 yrs||completed online, borrowers will receive an email from the Loan Office once materials are ready to be completed.
|Institutional Loans||Truth in Lending Disclosures, Entrance Counseling & Promissory Note||each year or any time loan amount increases||completed online, borrowers will receive an email from the Loan Office once materials are ready to be completed|
Entrance Counseling: The entrance counseling session will provide useful information and tools to help you manage your student loans both during and after college, and provide information on your rights and responsibilities as a borrower.
Master Promissory Note: By signing the MPN, you are confirming your understanding that Brown University may make multiple loans for you for the duration of your education (up to ten years) without having to sign another promissory note. You are also agreeing to repay all loans made to you under the terms of the MPN.
Promissory Note: By signing the promissory note, you promise to pay back to Brown University all loan amounts disbursed while enrolled at Brown plus interest accrued.
Truth in Lending Disclosures: The disclosures are intended to promote the informed use of consumer credit by requiring disclosures about its terms and cost.