Return the Award Letter to the Financial Aid Office. If you choose one of our Preferred Lenders , you will receive the MPN in the mail. Complete this form and return it as indicated, keeping a copy for your records. At CNU, this form is completed only once, as long as a student uses the same lender each year. With EFT, CNU receives your loan funds electronically, and applies those funds to your tuition, fees, and room and board.
Some students are due refunds after their loan funds have been applied to their student account.
Refunds may either be mailed to the student in the form of a check, or they may be directly deposited to a student's checking account. CNU encourages you to complete the necessary paperwork to participate in the Direct Deposit program. To offer assistance in choosing a lender, the Financial Aid Office has compiled a list of lenders who we feel will provide to you efficient, dependable service. Loan funds for loans processed with will be sent to the University in check form, which the student will need to negotiate with the University's Business Office. The Department of Education requires that all first-time freshman receive loan counseling before receiving their student loans.