If you have just accepted your Subsidized or Unsubsidized loan and have never completed a Master Promissory Note before while a student at UNLV, you must wait at least 3-4 business days to sign your Master Promissory Note online. UNLV must first originate your loan with the Direct Loan Servicer based upon your recent acceptance. Your Entrance Counseling session may be completed now (if necessary) and is not subjected to a delay.
Your Student Loan Decision
You have accepted a Federal Direct Student Loan. You are required to complete a Master Promissory Note (MPN) and Loan Entrance Counseling to finalize your loan acceptance.
A Notice of Loan Disclosure will be sent to you outlining the type of loan, the amount of loan, and the anticipated disbursement dates associated with your MPN. Anytime you or UNLV adjusts the amount of your loan, a new disclosure will be sent to you. We strongly encourage you to keep for your records all disclosure statements.
There is no loan amount shown on your Online Master Promissory Note. By electronically signing the MPN, you are authorizing UNLV to credit your tuition account with the amount of Federal Direct Loan funds you accepted on your Award Confirmation or another written statement. Please refer to your Award Confirmation and other documents you have on record for the amount you are borrowing.
You have a strong influence over the amount you borrow. You may elect to reduce or cancel the amount of loan you want to borrow by completing an Award Revision Form, available at Financial Aid & Scholarships. You may also fax or deliver a signed statement to reduce or cancel your student loan amount.