2008-2009 Federal Perkins Loan
Federal Perkins Loan Instructions
Once you have committed to attend LMU and accepted your Federal Perkins Loan offer online, you must complete two (2) additional Perkins Loan requirements – a Perkins Loan Entrance Interview and a Perkins Loan Master Promissory Note. Both of these requirements will need to be completed online. Please read the instructions below carefully before completing the steps online.
Step 1. Complete a Federal Perkins Loan Entrance Interview
The Federal Perkins Loan Entrance Interview provides borrowers with valuable information regarding the provisions of the loan, and their rights and responsibilities; review the information provided carefully. After successfully completing the entrance interview, the Financial Aid Office will be notified that you have satisfied this requirement and we will update your PROWL account to show this requirement as “complete”.
Step 2. Complete a Federal Perkins Loan Master Promissory Note(MPN)
NOTE: You may only complete this step if you have received an email indicating that you are authorized to complete a Federal Perkins Master Promissory Note online.
A Federal Perkins Loan Master Promissory Note (MPN) is required before LMU can disburse any Perkins Loan funds to your student account. By signing this MPN, you promise to pay back to LMU all loan amounts disbursed while enrolled at the university, plus all interest accrued. A single MPN covers all Perkins Loans borrowed while enrolled at LMU.
Shortly after accepting your Perkins Loan online via PROWL, you will receive an email notification to your LION email account from LMU’s billing service, Affiliated Computer Services (ACS). This email will provide information about how to complete the Perkins MPN Online through the LMU Financial Aid Website.
You must have your Department of Education issued Personal Identification Number (PIN) to begin the process. If you signed your FAFSA electronically with a PIN, the same PIN will be used to sign the Perkins MPN Online. If you do not have a PIN, or have lost your PIN, please visit the official Federal PIN website at www.pin.ed.gov.
1. Log into the ACS student portal at: https://www.acs-education.com/CS/Jsp/cpsesign/welcome.jsp. You will need to temporarily disable any pop-up blocking software.
2. Enter the requested demographic information to access your loan data.
3. Check the box indicating that you would like to electronically sign your Perkins MPN.
4. Read and check box that you agree with the terms of electronic signature.
5. Read the Federal Perkins Loan Terms and Conditions, and confirm that you have done so.
6. Check box confirming that you agree to electronically sign the MPN.
7. Enter the requested demographic information to confirm your identity.
8. Submit your signature. Print a copy of the electronically signed MPN for your records.After signing your Perkins MPN electronically and completing the Perkins Entrance Interview, you will have satisfied all requirements and your Perkins Loan will be ready to disburse to your student account.
If you have questions regarding how to complete your Federal Perkins Loan Requirements, contact the LMU Financial Aid Office via email at finaid@lmu.edu or call (310) 338-2753.