After you get your financial aid notification letter, there are a few more steps you have to take before your loans are applied to your student account:
- Sign a promissory note
- Go through entrance counseling
- Verify your information if required (we’ll let you know)
- Authorize IU to use your financial aid
Be sure to follow all instructions carefully to help ensure that your aid is processed in a timely manner.
Sign a promissory note
There are two reasons you’d need to electronically sign a promissory note.
Go through entrance counseling
If you’re borrowing a federal loan, you must go through entrance counseling. Entrance counseling is a tutorial that will help you understand the federal loans you’re borrowing and the options you’ll have to repay them. You must complete the tutorial before loan funds will be credited to your account.
To start the tutorial, you will need your FSA ID to log into your direct loan account.
Learn more about entrance counseling