Stafford Loans - First-Time Borrowers

Part of your financial aid award for the 2015-2016 academic year at St. Lawrence University may include the offer of a Federal Direct Stafford Loan (award may be viewed in SLU Portal). First time borrowers of Federal Direct Stafford Loans must complete an entrance counseling session and sign a Master Promissory Note as explained below.

You may decline or reduce the amount of your Federal Direct Stafford Loan by contacting the
St. Lawrence University Financial Aid Office by email at or by phone at

Step 1: What You Need to Complete the Entrance Counseling Session:

  1. Thirty-minutes to complete the process; it must be completed in one session.
  2. Click here, read the Federal Direct Loan counseling information and follow the instructions at the bottom of the page.
  3. Your FAFSA ID
  • Complete an Entrance Loan Counseling Session: This session will inform borrowers about the overall Federal Direct Stafford Loan program and their rights and responsibilities associated with the loan. Please click here to complete this requirement.
    St. Lawrence University will receive confirmation from the Direct Loan Servicer that you have finished.

Step 2: What You Need to Complete the Master Promissory Note:

  1. Thirty-minutes to complete the process; it must be completed in one session.
  2. Your FAFSA pin to sign in at Choose "Complete Master Promissory Note" and then choose "Subsidized/Unsubsidized."
  3. Permanent address, mailing address (if different than permanent address), phone number, and email address.
  4. Employer name and address, if applicable.
  5. Driver's license
  6. Name, address, phone number and relationship for two references. A reference is an individual who has known you for at least 3 years. The first reference should be a parent or a legal guardian.
  7. School name
  • Sign Your Master Promissory Note (MPN): You are required to sign a Master Promissory Note (MPN) for your Stafford loan(s). It is your responsibility to review all terms and conditions of the loan, in addition to completing and signing the MPN. Complete this process at

The U.S. Department of Education offers the following Websites to assist in the planning for repayment of Federal educational loans:

Loan repayment information for Federal loans

Loan repayment calculator for Federal loans

Contact Information:
If you have problems or questions regarding the loan process, please contact Linda Peets by email at or by phone at 315-229-5422.