Loan Instructions

Loan Instructions

Make sure you understand all the options and steps involved in borrowing money for college. Review details in the sections below that apply to you.

Undergraduate Student Loan Process

Undergraduate Student Loan Process

Loan Entrance Counseling

If you have not previously received a Direct Loan, the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming.

If you are completing entrance counseling to borrow a loan as an undergraduate student, then the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and/or Direct Unsubsidized Loans.

Master Promissory Note (MPN)

The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s). You can borrow additional Direct Loans on a single MPN for up to 10 years.

Complete the following steps after you have accepted your financial aid award in NEST. You will nee about 30 minutes.

  1. Go to www.StudentLoans.gov
  2. Sign in with FSA ID
  3. Click Complete Counseling > Entrance Counseling
  4. Click Complete Master Promissory Note > Subsidized/Unsubsidized MPN

•    For each federal student loan that you receive under an MPN, you'll receive a disclosure statement by email from Studentloans.gov.
•    The disclosure statement provides specific information about that loan, including the loan amount, loan fees, and the expected disbursement dates and amounts. Other disclosures will be provided to you throughout the loan process.
•    After the first disbursement of your loan has been made,your loan will be assigned to a loan servicer and you will be provided with the servicer's name, address and contact information.
•    Your servicer will service, answer questions about, and process payments on your loan after you enter repayment.

Graduate/Professional Student Loan Process

Graduate/Professional Student Loan Process

Loan Entrance Counseling

If you have not previously received a Direct Loan, the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming.

If you are completing entrance counseling to borrow a loan as a graduate or professional student, then the entrance counseling will fulfill counseling requirements for Direct Unsubsidized Loans and/or Direct Grad PLUS Loans.

Master Promissory Note (MPN)

Master Promissory Notes are legal documents in which you promise to repay your loans and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loans. You can borrow additional Direct Unsubsidized Loans and Direct Grad PLUS Loans on each MPN for up to 10 years.

Complete the following steps after you have accepted your financial aid award in NEST. You will nee about 30 minutes.

  1. Go to www.StudentLoans.gov
  2. Sign in with FSA ID
  3. Click Complete Counseling > Entrance Counseling
  4. Click Complete Master Promissory Note > Subsidized/Unsubsidized MPN
  5. If you were awarded and accepted a Direct Grad PLUS Loan:
    • Click Apply for a PLUS LOAN
    • Click Graduate/Professional Student Borrower
    • Complete the credit application to determine approval or denial. You may obtain an endorser if your credit is denied
    • Click Complete Master Promissory note PLUS MPN for Graduate/Professional students

•    For each federal student loan that you receive under an MPN, you'll receive a disclosure statement by email from Studentloans.gov.
•    The disclosure statement provides specific information about that loan, including the loan amount, loan fees, and the expected disbursement dates and amounts. Other disclosures will be provided to you throughout the loan process.
•    After the first disbursement of your loan has been made,your loan will be assigned to a loan servicer and you will be provided with the servicer's name, address and contact information.
•    Your servicer will service, answer questions about, and process payments on your loan after you enter repayment.

Federal Health Professional Student Loan

Federal Health Professional Student Loan

If you’ve accepted a Health Professions Student Loan, you will need to complete a promissory note and the instructions are below.

To complete the online process, go to: https://www.ecsi.net/promi2.

As part of the online process, we will need to validate your identity. To validate your identity, you will need to enter your Social Security Number, Last Name, First Name, and Date of Birth.

IMPORTANT:  If you receive the “Authentication Failed” message

You will not be able to complete the Promissory Note process online or electronically sign the Promissory Note.  You will need to print, complete, and send the paper forms to Creighton’s Financial Aid Office. Please see the address at the bottom of these instructions.

Following are important items to remember when completing your Promissory Note Package: 

1.     You must provide complete reference information for yourself, next of kin (relative), and two additional references. Failure to complete all lines accurately will delay disbursement of your loan to your account.

2.     Most pages require that you accept the terms by checking a box at the bottom of the page. You will not be able to proceed without completing this important step.

3.     Read the Promissory Note completely. Once you have read the Promissory Note, you must sign the note at the bottom of the page. If you are completing the online process, you must sign the Promissory Note electronically. To electronically sign the Promissory Note, mark the check box and enter your full legal name. 

If you are able to complete the process online, you will not need to print or deliver the paper forms as we will receive the information electronically.  If you were not able to complete the process online, you will need to print, complete, and deliver the package to the address below.

Your electronic promissory note will be reviewed by the Financial Aid Office before any monies are disbursed.  If you have any questions, please contact us at 402-280-2731 or financialaid@creighton.edu.

Federal Nursing Student Loan

Federal Nursing Student Loan

If you’ve accepted a Federal Nursing Loan, you will need to complete a promissory note and the instructions are below. 

To complete the online process, go to: at https://www.ecsi.net/promi2.

As part of the online process, we will need to validate your identity. To validate your identity, you will need to enter your Social Security Number, Last Name, First Name, and Date of Birth.

IMPORTANT:  If you receive the “Authentication Failed” message

You will not be able to complete the Promissory Note process online or electronically sign the Promissory Note.  You will need to print, complete, and send the paper forms to Creighton’s Financial Aid Office. Please see the address at the bottom of these instructions.

Following are important items to remember when completing your Promissory Note Package:

1.     You must provide complete reference information for yourself, next of kin (relative), and two additional references. Failure to complete all lines accurately will delay disbursement of your loan to your account.

2.     Most pages require that you accept the terms by checking a box at the bottom of the page. You will not be able to proceed without completing this important step.

3.     Read the Promissory Note completely. Once you have read the Promissory Note, you must sign the note at the bottom of the page. If you are completing the online process, you must sign the Promissory Note electronically. To electronically sign the Promissory Note, mark the check box and enter your full legal name.

If you are able to complete the process online, you will not need to print or deliver the paper forms as we will receive the information electronically.  If you were not able to complete the process online, you will need to print, complete, and deliver the package to the address below.

Your electronic promissory note will be reviewed by the Financial Aid Office before any monies are disbursed. If you have any questions, please contact us at 402-280-2731 or financialaid@creighton.edu.

Perkins Loan Instructions

Perkins Loan Instructions

If you’ve accepted a Federal Perkins Loan, you will need to complete a promissory note and the instructions are below. 

To complete the online process, go to: https://www.ecsi.net/promi2.

As part of the online process, we will need to validate your identity. To validate your identity, you will need to enter your Social Security Number, Last Name, First Name, and Date of Birth.

IMPORTANT:  If you receive the “Authentication Failed” message

You will not be able to complete the Promissory Note process online or electronically sign the Promissory Note.  You will need to print, complete, and send the paper forms to Creighton’s Financial Aid Office. Please see the address at the bottom of these instructions.

Following are important items to remember when completing your Promissory Note Package:

1.     You must provide complete reference information for yourself, next of kin (relative), and two additional references. Failure to complete all lines accurately will delay disbursement of your loan to your account.

2.     Most pages require that you accept the terms by checking a box at the bottom of the page. You will not be able to proceed without completing this important step.

3.     Read the Promissory Note completely. Once you have read the Promissory Note, you must sign the note at the bottom of the page. If you are completing the online process, you must sign the Promissory Note electronically. To electronically sign the Promissory Note, mark the check box and enter your full legal name.

If you are able to complete the process online, you will not need to print or deliver the paper forms as we will receive the information electronically. If you were not able to complete the process online, you will need to print, complete, and deliver the package to the address below.

Your electronic promissory note will be reviewed by the Financial Aid Office before any monies are disbursed. If you have any questions, please contact us at 402-280-2731 or financialaid@creighton.edu.