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Can we use the existing Master Promissory Note when making Graduate PLUS loans?

April 26, 2017existing graduate Loans master Plus promissory note

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Can we use the existing Master Promissory Note when making Graduate PLUS loans?

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The Department of Education will issue guidance on the MPN that will be used by Graduate PLUS applicants. We expect the Department to announce an extension of the current PLUS MPN and allow it to be used with an Addendum during an interim period (12–18 months) until the PLUS MPN can be revised to accommodate the changes in the law.