DIVISION OF STUDENT FINANCIAL AID

Federal Stafford Loan
Master Promissory Note (MPN)

Before you receive your loan funds, you must sign a Master Promissory Note (MPN). In past years, borrowers completed a separate promissory note for each new loan borrowed. Now, if you attend a four-year school or graduate school, in most cases, you will sign only one Master Promissory Note that will be used for all of your loans at a single school.

• Master Promissory Note (MPN)
  If you have received notice that your loan has been transmitted for certification and you need to complete your Master Promissory Note, please follow this link.  Your MPN is available for E-signature on the web.  In some cases, MPNs may not be available until July 1st for the upcoming year.

When you sign the Master Promissory Note, you are confirming that you understand that your school may process new loans on your behalf for the duration of your education (up to 10 years) without having you sign another MPN. You are also agreeing to repay your lender all loans made to you under the terms of the MPN. Therefore, it is very important that you completely read and understand all of the information on the MPN before you sign it.

• You are not required to accept the full amount that your school awards you.
• You may notify your school if you want to borrow a lower amount than the school has awarded you.
• You can decline the entire loan amount.