Financial Aid Master Promissory Note MPN Direct Loans eMPN Direct Loans Financial Aid MPN Master Promissory Note Pipeline digital cameras eMPN ...
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All student borrowers — new and returning — must take two new steps, creating a new Direct Loans Electronic Master Promissory Note (E-MPN) and completing the Direct Loans Entrance Counseling, since the U.S. Department of Education will now be acting as the lender. These two new requirements can be completed at the same website, www.studentloans.gov. General Scholarship Rule (GSR): The combined total of federal/state grants with Liberty institutional aid may not exceed the actual cost of tuition plus the lowest of actual Liberty University room and board charges or the lowest current housing rate. For Resident students, this calculation does not include the Federal Pell Grant. If aid exceeds this calculated amount, Liberty institutional aid will be reduced.