STUDENT LOANS
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Entrance Counseling
Before your federal student loan is paid out to you, your college or career school might ask you to complete entrance counseling. Be sure you take care of this requirement right away so you can get the money you need to help you pay for school. Master Promissory Note (MPN) The Subsidized/Unsubsidized Master Promissory Note (MPN) is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees to your lender or loan holder. There is one MPN for Direct Subsidized/Unsubsidized Loans and a different MPN for Direct PLUS Loans. Most schools are authorized to make multiple federal student loans under one MPN for up to 10 years. Master Promissory Note Information about your loans will be submitted to the National Student Loan Data System (NSLDS). Information in NSLDS is accessible to schools, lenders, and guarantors for specific purposes that we authorize. Exit Counseling
Students who have received a subsidized, unsubsidized or PLUS loan(s) under the Direct Loan Program or the FFEL Program, must complete exit counseling each time they drop below half-time enrollment, graduate, or leave school. 
Missouri Professional & Practical Nursing Student Loan Program
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Federal Direct Loan Program
Federal Direct Loan Program makes Stafford loans available to students directly through the Federal Government. These variable-rate, low-interest, long-term loans may be "Subsidized" or "Unsubsidized". For both types of loans, applicants must complete the electronic Free Application for Federal Student Aid (FAFSA). Loans vary by eligibility and academic year grade level. For more information consult the "Student Guide" on the Department of Education Web Site or contact the Financial Aid Office at Carthage Technical Center; 417.359.7095. Federal Regulations require a 30 day hold on Federal Stafford Loans disbursements to first-time borrowers. Students should be prepared to cover all non-direct costs until loan funds are released to the school. All federal Stafford loan borrowers who have a loan for a single semester will have their loans paid out in two equal disbursements during the semester. Subsidized Loans Subsidized loans are only available to undergraduate students who demonstrate financial need. The range of loans is based upon the number of hours completed. If you are a first-time borrower on or after July 1, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. This time limit does not apply to Direct Unsubsidized Loans or Direct PLUS Loans. If this limit applies to you, you may not receive Direct Subsidized Loans for more than 150 percent of the published length of your program. This is called your “maximum eligibility period.” Your maximum eligibility period is generally based on the published length of your current program. You can usually find the published length of any program of study in your school’s catalog. Unsubsidized Loans Direct Stafford Unsubsidized loans are awarded to students regardless of need. Interest comes due within 60 days after receiving the loan, however, interest may be deferred until the student leaves school. These loan amounts will vary depending upon how much aid the student is already receiving and whether a student is considered dependent, independent, or a graduate student. Federal Direct PLUS Loan Program Federal Direct PLUS Loan Program offers loans to parents of students directly from the Federal Government. These variable-rate, low-interest, long-term loans are unsubsidized. Interest becomes due 60 days after the parent or graduate student receives the loans. The interest can be deferred until the student leaves school. Applicants must complete the electronic Free Application for Federal Student Aid (FAFSA). Loan amounts may vary depending on the cost of education and other financial aid the student receives. (See link below for additional information ) 
The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.
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