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Award Information - Is There Anything Else I Have to Do to Receive My Aid?

After accepting the aid you wish to receive on your MaineStreet account, there may be some additional steps to take in order to receive certain types of aid.

Federal Direct Stafford Loans

If you are borrowing a Stafford Loan for the first time, you will need to complete the Entrance Counseling. If you have borrowed a Stafford Loan before, you do not need to complete the Entrance Counseling again. You will be notified if you have to complete this step on your To Do List on MaineStreet. Please allow 3 business days after completing the Entrance Counseling for this requirement to be removed from your To Do List.

If you are borrowing a Stafford Loan for the first time, have changed lenders or if you are using Direct Lending for the first time, you will need to complete a Master Promissory Note (MPN). MPNs are valid for 10 years so you only need to submit an MPN the first time you borrow from the lender or, in some cases, if the lender requests a new MPN be signed.

Federal Perkins Loans

Borrowers of the Perkins loan must sign a new MPN every year. You will be prompted to complete this after you accept your award on MaineStreet.

Federal Work Study

For information on what needs to be completed in order to receive your Federal Work Study, please visit the Office of Student Employment website.

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