[mage lang="en|fr|es|cs|en" source="flickr"]stafford direct loan entrance counseling[/mage]
Do I need to complete an entrance counseling and a master promissory note for both Perkins and Stafford Loan?

I have already done the entrance counseling and signed a master promissory note for my Federal Direct/Stafford Loan. Do I need to complete another set of these for Perkins Loan? I remember it said on the Direct Loan MPN that we only need one MPN for all our loans.

Yes you do. The Stafford loan and the Perkins loan are separate loans. If you don’t complete entrance counseling and an MPN for each one it will not go on your account and won’t be paid to the school. However, you only have to do entrance counseling and the MPN once (once for the Perkins and once for the Stafford). So if you get these loans again next year, you will not have to complete entrance counseling and the MPN again. That is what they mean when they said you only need to complete one MPN.