Direct Loan Procedures

Steps to Accept/Apply for Direct Stafford and Federal Perkins Loans on
Self Service Banner

• Login to myPNC at www.pnc.edu.
• Click on the Financial Aid tab.
• Click Award Information link.
• Click Award for Aid Year.
• Select the correct aid year from the drop down list, and then click the Submit button.
• Click the Award Overview tab.
• Information regarding your financial aid will be displayed. Click the Print link to print your award information.
• Clicking on a Financial Aid Award Fund that is highlighted opens a pop-up window displaying additional information about that award.
• Click the Resources/Additional Information tab.
• Additional Information may be requested or required.  Use the drop down box to provide a response to each question.
• Additional Resource Information should be provided if you will be receiving any additional resources (i.e. private scholarships) that are not currently listed as one of your awards. Provide the name of the resource, select the term you will be receiving the award, and enter the amount you will be receiving for that term.
• Click Submit Information button.
• Click on Terms and Conditions tab.
• Carefully read the terms and conditions, and click the Accept button.
• Click the Accept Award Offer tab.
• Use the drop down box to Accept or Decline an Award. If you wish to accept part of an award, enter the amount you wish to accept in the Accept Partial Amount box.
• Click on Submit Decision button.
• Click the Print link under the Award Overview tab to print your award information.
• Complete all items included in the Unsatisfied Disbursement Requirements and review your messages.

Steps to follow to Apply for Direct Parent Plus Loans

1. For information regarding the Parent PLUS loan, go to:  http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp
2. To apply, go to:  www.studentloans.gov
3. Complete the application process.
4. The Financial Aid Office will process loan and the student/parent will be notified of any additional documentation needed.  

Step by Step Directions for Signing MPN (Master Promissory Note)

• Go to StudentLoans.gov.
• Click the green Sign In button.
• Enter your social security number, the first two letters of your last name, your birth date and your Personal Identification Number (PIN).
• Click the Sign In button.
• Click the Complete Master Promissory Note link.
• Select the type of loan. (Subsidized/Unsubsidized, Graduate PLUS, or Parent PLUS)
• Provide the Borrower Information requested.
• Select INDIANA for School State and PURDUE UNIVERSITY – NORTH CENTRAL for School Name.
• Click the Continue button.
• Provide References information requested and then click the Continue button.
• Carefully read each section of the Terms & Conditions.
• Click the check box to indicate you have read and agree to the terms & conditions.
• Review the information and make changes if necessary.
• Enter your first name, middle initial and last name and click the Sign button.
• Review your Master Promissory Note and click the Submit button.
• NOTE:  Your MPN is not submitted until you have completed this step.
• The confirmation page will be displayed.  You may view, save and/or print a copy of your completed MPN from this page.  It is recommended that you keep a copy or print out of your MPN for your records.
• Click Logout to finish your session.

Step by Step Directions for Entrance Counseling

•  Go to StudentLoans.gov.
• Click the green Sign In button.
• Enter your Social Security number, the first two letters of your last name, your birthdate and your Personal Identification Number (PIN).
• Click the Sign In button.
• Click the Complete Entrance Counseling link.
• Read the instructions, and then click the Complete Entrance Counseling.
• Select the correct counseling type (Undergraduate or Graduate/Professional) and then click the Continue button.
• Read the guidelines and then click the Continue button.
• Select INDIANA for School State and then select PURDUE UNIVERSITY – NORTH CENTRAL for School Name. Click the Continue button.
• The Counseling Session/Quiz consists of 16 pages. 
• Read the information on each page.
• Answer each quiz question at the end of the page.
• The correct answer will be displayed for you.
• Once all questions are answered on the page, click the Continue button.
• You can monitor your progress using the list located on the right section of the screen.
• Review your Borrowers Rights and Responsibilities and then click the Submit button.
• NOTE:  Your loan entrance counseling is not complete unless you click Submit.
• Click the Print button and print a copy of your Counseling Confirmation Page.
• Click Logout to finish your session.

NOTE: Please be aware if you have never taken a loan at PNC, you will be required to complete these processes before any money will be disbursed to your account.

*Once these documents are completed at PNC, you do not have to complete these documents again while at our university.

*Please note: To receive a student loan you must be enrolled in at least 6 credit hours.
FOR PARENT PLUS LOAN BORROWERS, THE PARENTS ARE ALSO REQUIRED TO COMPLETE THE MASTER PROMISSORY NOTE.

Steps to Follow to Make Adjustments to an Already Applied For Loan

• Stop in the Financial Aid Office in the Technology Building, Room 157,
• Complete necessary paperwork to authorize the Financial Aid Office to adjust your loans.
• The Financial Aid Office will then adjust the loans in a timely manner.
• You will then be notified by the Direct Loan Processors via Self-Service Banner of the adjustments made.

Steps to Follow to Check the Status of Your Loans at PNC 

• Go to Self Service Banner
• Login with Banner ID and password
• Click “Financial Aid”
• Click “Award Information”
• Click “Award Payment Schedule” or “Loan Application History”
• Click “Award for Aid Year”, select correct academic year, then Click “Submit” button.
• These screens show expected amounts to be paid and the amounts that have been paid out already.