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Return to Consumer Publications All students are required to sign-up for Electronic Fund Transfer (EFT) for their Federal Direct (Stafford) and Grad PLUS and University funds.
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If receiving a Federal Direct Student loan, a signed Master Promissory Note and entrance counseling is needed.
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In addition, Regulation E requires persons that obtain authorizations for preauthorized electronic fund transfers to provide a copy of the terms of the authorization to the consumer.
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