What is Master Promissory Note (MPN) ?
The master promissory note is a document the student signs when borrowing a loan. When the student signs a master promissory note, a binding legal document, he/she promises to repay the student loan. The note also includes important language about rights and responsibilities as a borrower. Click here to complete a Master Promissory note for Federal Direct Stafford and PLUS loans.
Related Questions
- I have completed the Federal Direct Stafford Master Promissory Note (MPN). How do I request the dollar amount I want to borrow for the Federal Direct Subsidized and Unsubsidized Stafford Loans?
- I completed the Federal Direct Stafford Loan Master Promissory Note (MPN) last year, 2010-11. Do I need to complete the Federal Direct Stafford Loan Master Promissory Note (MPN) for 2011-12?
- Do I have to sign a Master Promissory Note (MPN) and complete an Entrance Counseling Session every year for the Federal loan programs?
