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What is a Federal Direct Stafford Loan Master Promissory Note?

April 26, 2017Federal loan master promissory note Stafford

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What is a Federal Direct Stafford Loan Master Promissory Note?

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A Stafford Loan Master Promissory Note (MPN) is the electronic document you must complete before receiving loan funds if UF determines from your federal need analysis report that you are eligible for a Federal Direct Stafford Loan or Federal Direct Unsubsidized Stafford Loan. If you are awarded a loan as part of your aid package and do not yet have an MPN on file, you will need to fill out an online MPN. UF cannot disburse your loan until you have completed this requirement.