Tuesday – September 27, 2016

Student Loans

Milwaukee Area Technical College participates in the William D. Ford Direct Lending Program.

Loans are with the federal government and are never sold to other lenders.  This provides single servicing for the life of the loan.

Students who have not previously received a loan from MATC and are requesting a loan must complete Direct Loan Entrance Counseling and sign a Direct Loan Master Promissory Note (MPN).  If you do not complete Direct Loan Entrance Counseling and sign a Direct Loan Master Promissory Note, your loan funds will not be applied to your account.

To complete the online Direct Loan Entrance Counseling and sign a Direct Loan Master Promissory Note, please follow the steps below.

DIRECT LOAN ENTRANCE COUNSELING AND DIRECT LOAN
MASTER PROMISSORY NOTE (MPN) INSTRUCTIONS

Students who have previously completed Entrance Loan Counseling with Milwaukee Area Technical College do not need to complete Direct Loan Entrance Counseling.

You will need the following items to complete the Entrance Loan Counseling and MPN process:

  • Your address, date of birth and Social Security Number
  • Your U.S. Department of Education (FAFSA) Personal Identification Number (PIN)
  • Driver's License Number (if applicable)
  • Names, addresses and phone numbers of two personal references
  • You must have known the references for at least three years
  • References cannot share the same address or phone number

Direct Loan Entrance Counseling Instructions

  • Go to studentloans.gov
  • Click on Sign-In located under the Manage My Direct Loan box
  • Enter your Social Security Number, first two characters of your last name, date of birth, and PIN
  • Click on Complete Entrance Counseling
  • Click on "I am an undergraduate student" in the Counseling Type Box
  • Click on the drop-down school state box in the School and Loan Information Box and select Wisconsin
  • Click on the school name and select Milwaukee Area Technical College from the drop-down box
  • Read the information presented and answer the questions listed after the section
  • When you have completed the Entrance Loan Counseling, you will see a statement informing you that you have successfully completed the process

Students who have previously completed Entrance Loan Counseling with MATC must complete a Direct Loan Master Promissory Note (MPN)

Direct Loan Master Promissory Note (MPN) Instructions

  • Go to studentloans.gov
  • Click on Sign-In located under the Manage My Direct Loan box
  • Enter your Social Security Number, first two characters of your last name, date of birth and PIN
  • Click on Complete Master Promissory Note link
  • Click on type of loan you would like to receive
  • Enter your personal information
  • Enter the school state and school name information
  • Enter your personal reference information
  • Read all sections of the MPN terms and conditions
  • Click on the box stating you have reviewed the information about the MPN
  • Review personal, school and personal reference information
  • Enter your name and click on the "Sign Box"

You do not need to print a copy of your MPN. Your signature is authenticated when you click on the "Sign Box."

  • You will receive an email from the U.S. Department of Education confirming your MPN was received
  • Click on HTML Version to view your MPN
  • You may also click on "View PDF" to view your MPN in PDF format
  • When you have completed the MPN process, close out of the website

Print Instructions (PDF format)

 

Additional Loan Process Information

Milwaukee Area Technical College is committed to helping our students become more financially savvy and manage their loan debt knowledgeably. Personal finances play an important role in college achievement and completion. In effort to assist our students in handling their finances best, students who wish to receive and additional loan are encouraged to complete GENST 798, Basic Personal Finance Course. This is an online interactive course that provides students with information on the following topics:

  1. Finance Fundamentals
  2. Education Planning
  3. Internships, Incomes, and Careers
  4. Employment
  5. Money Management
  6. Budgeting
  7. Student Loans
  8. Student Loan Repayment
  9. Credit and Debt Management
  10. Saving and Investing
  11. Risk Management
  12. Taxes

Additional Loan Steps

Step 1

  • Submit an Additional Loan application (available in Financial Aid Office or Welcome Center at any campus.

Step 2

  • Enroll in the GENST 798 course, Basic Personal Finance (choose any section available)
  • Adding this course to your schedule notifies the Financial Aid Department that you want to use this loan for the current semester.

  • You will also have access to the assigned instructor of the course through Blackboard to answer any questions.

Step 3

Go to www.saltmoney.org. If you already have an account, click on “Log In.” If you do not have a SALT account, click on “Sign Up” and enter the requested information. When logged in, go to Courses and select Go To SALT Courses. The SALT Courses are a series of interactive modules about budgeting, identity theft, student loans, and other money-related topics. Select Start Course, read the information, complete the exam and survey. You will have the option of printing a certificate as you complete each one. You do not need to print the certificates; the MATC Financial Aid Office will receive confirmation of you completing the SALT Course series.