Direct Loan Entrance Counseling & Master Promissory Note (MPN)

Students who borrow under the Direct Loan Program for the first time are required to complete a Master Promissory Note (MPN) and Entrance Counseling before their loan proceeds can be released. This requirement must be completed online at studentloans.gov. Listed below are instructions on how to complete your MPN and Entrance Counseling:

  1. Go to the website www.studentloans.gov
  2. Select “Sign In”
  3. Sign in using your Social Security Number, the first 2 letters of your last name, date of birth, and your 4 digit FAFSA PIN
  4. Select “Complete Entrance Counseling” (first item on list in center)
  5. Select “Subsidized/Unsubsidized”
  6. Complete all steps and submit
  7. Select “My Account” on the far left of menu across the top of the site.
  8. Select “Complete Master Promissory Note” (second item on list in center)
  9. Select “Subsidized/Unsubsidized”
  10. Complete all steps and submit

If you are having difficulties with your FAFSA PIN, visit PIN.ed.gov for assistance.

It takes 1-3 business days for Vanguard to receive and process the submissions and for them to reflect on a student’s myVU Portal (“Communications” tab).

Perkins Loan Entrance Counseling & Master Promissory Note (MPN)

Only required for those receiving a Perkins Loan. The first time a student is offered and accepts a Perkins Loan, the student is required to complete Perkins Loan Entrance Counseling and an MPN through ECSI. ECSI contacts the student with login information, etc. shortly after the student accepts the loan. If a student is offered and accepts a Perkins Loan and does not receive information from ECSI to complete the required MPN and Entrance Counseling, please contact ECSI’s Loan Servicing customer support.

Repayment/billing for Vanguard University Federal Perkins Student Loan is handled by Educational Computer Systems, Inc. (ECSI).  ECSI is a billing service provider for the college, not a collection agency.

ECSI provides borrowers web-based access to their account, allowing them to verify when payments have been received, update address and phone information, verify account balances, obtain loan payoff amounts, sign-up for electronic billing, and make payments. ECSI also provides payment options such as recurring electronic funds transfer and credit card payments (additional fees will apply to some eCheck and credit card payments).

For more information on ECSI, please visit their website at borrower.ecsi.net.

Graduate PLUS Loan Counseling

Graduate students that apply and are approved for the Graduate PLUS Loan, must complete Loan Entrance Counseling specifically for this loan. This requirement is completed once a year. Complete your Graduate PLUS Loan Counseling only if you have been asked to do so by the Financial Aid Office.

Direct Loan Exit Counseling

The Federal Government requires all Direct Loan borrowers to complete the Exit Counseling requirement when a student graduates, withdraws from school, or drops below half-time status.

Please have the following information before you begin:

  • Social security number
  • Expected permanent address
  • Expected employer
  • Next of kin
  • Two references (these persons will be contacted if your loan holder cannot reach you)
  • Loan types and balances
  • Interest rate

If you do not have information on your loans, you may contact your lender or go to the NSLDS website at www.nslds.ed.gov. You will need your PIN number that you used to file your FAFSA. If you would like to apply for a PIN, visit www.pin.ed.gov.

Please use the following link to complete your student loan exit counseling only if you have been asked to do so by the Financial Aid Office. Click here for Online Loan Exit Counseling