Mansfield University Home PageStatement on preferred lenders for 2009-2010
Mansfield University will not issue a preferred lender list for 2009-2010. This applies to both Stafford and PLUS loans.
Students and parents are encouraged to use our preferred method of processing by going online to www.aessuccess.org and choosing any nationwide lender for whom AES is the guarantor. Loans processed using AES are certified and disbursed electronically. This means that we are better able to help you if there is a problem with your loan and your loan funds will arrive much faster.
Students and parents that prefer to use a guarantor other than AES/PHEAA are welcome to do so, but will have to submit a paper Master Promissory Note (MPN) complete with the lender and guarantor codes. Incomplete MPN's will not be processed. Please be aware that if you prefer a non-AES guaranteed loan, we are limited in our abilities to assist you if there are problems and it could potentially take longer for your loan funds to arrive.
Students have the right and ability to select the lender and guarantor of their choice.
Instructions for completing your MPN
The Master Promissory Note (MPN) is your official Stafford Loan application. By completing it, you agree to your rights and responsibilities as a borrower and consent to Federal Stafford Loan funds being transmitted to your Mansfield account. You will only need to complete your MPN once during your enrollment at Mansfield University, unless otherwise notified. Your loan will automatically be renewed each year.
Returning Borrowers:
If you have borrowed a Federal Stafford Loan in previous years, filing the FAFSA is the only step needed to renew your loan. You do not need to complete Steps 1 and 2 listed below, unless otherwise notified.
New Borrowers:
To apply for a Stafford Loan and have it apply toward your tuition bill, you must complete the following two steps:
Step 1: Complete the online Stafford Loan Entrance Counseling Session
The online Entrance Counseling session will explain your rights and responsibilities as a borrower. You should understand the importance of borrowing loan funds before completing your promissory note. You may complete the session by clicking the picture to the right.
Step 2: Complete the online Master Promissory Note (MPN)
The Master Promissory Note (MPN) is your official Stafford Loan application. By completing it, you agree to your rights and responsibilities as a borrower and consent to Federal Stafford Loan funds being transmitted to your Mansfield account. You will only need to complete your MPN once during your enrollment at Mansfield University. Your loan will automatically be renewed each year.
While completing your MPN, please keep the following in mind:
You will be asked to select the school that you will be attending. You must select Mansfield University (school code 003324).
You will need your Federal Personal Identification Number (PIN). This PIN was assigned to you when you completed your Free Application for Federal Student Aid (FAFSA). If you do not have this PIN, you may request it at http://www.pin.ed.gov.
You will need the name and addresses of two (2) references. One reference may be a parent.
If you have your PIN and reference information on hand and have selected your lender,you may complete your online MPN by clicking the picture to the right:
Click here if you need to apply for a private education loan