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School Code:  002008

 

Frequently Asked Questions

FAQS

 

Financial Aid Glossary

Glossary

Federal Direct Stafford Loan Master Promissory Note (MPN)

For all Federal Direct Stafford Loans:

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 the US Department of Education 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.

Students who need to complete a Master Promissory Note (MPN) will need:

  • Approximately 30 minutes to complete
    • MPN must be completed in a single session, be sure to allow enough time to complete.
    • If it takes longer than 30 minutes, the MPN will not go through, regardless of error message.
    • Supported browsers: Microsoft Internet Explorer (versions 7 and higher), Mozilla Firefox (versions 3.6.3 and higher), Apple Safari (versions 4 and higher)
      • If not, the sign in box will not be visible or
      • Writing will overlap the text boxes
    • You cannot hit the back button at all.
    • There is no save option.
    • The Department of Education cannot view an incomplete application.
  • Your Federal Student Aid PIN (the same one that you used to complete your FAFSA)
    • If you do not have a Federal Student Aid PIN please visit the PIN site.
  • Personal Information
    • Permanent Address
    • Mailing Address (if different from permanent address)
    • Telephone Number
    • Email Address
  • Employer Information
    • Employer Name
    • Employer Address
  • School Name
  • Reference Information for two people you have known for at least 3 years. The first reference should be a parent or legal guardian.
    • Reference Names
    • Reference Addresses
    • Reference Telephone Number
    • Reference Relationship to student
  • If you have previously completed either a Direct Loan MPN or a Direct PLUS Loan application, some of this information may be populated for you.  You should review any populated information carefully for accuracy.


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