Stafford Loans - First Time Borrowers

Part of your financial aid award at St. Lawrence University may include the offer of a Federal Direct Stafford loan (award may be viewed in SLU Portal). You may decline or reduce the amount of Federal Direct Stafford Loan by contacting the St. Lawrence University Financial Aid Office by email at or by phone at 1-800-355-0863.

First time borrowers of Federal Direct Stafford Loans must complete an entrance counseling session and sign a Master Promissory Note as explained below.

Step 1: 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. Complete this process at Choose "Complete Entrance Counseling". St. Lawrence University will receive confirmation from the Direct Loan Servicer that you have finished.

     What you Need to Complete the Entrance Counseling Session:

          1. Thirty minutes to complete the process: it must be completed in one session.

          2. Your FAFSA ID

          3. School name

Step 2: 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 Choose "Complete Loan Agreement for a Subsidized/Unsubsidized Loan (MPN)".

     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 ID

          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 legal guardian. 

          7. School name

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

Guide to Repaying your Federal Student Loans

Loan Repayment Estimator for Federal Loans

Contact Information:

If you have problems or questions regarding this loan process, please contact Linda Peets by email at or by phone at 1-315-229-5422.