When do I complete the Federal Direct Loan Master Promissory Note (MPN)?
The Master Promissory Note (MPN) must be signed by all Federal Direct Subsidized and Unsubsidized Loan borrowers. Once the Federal Loan Origination Center (LOC) confirms to SFA that a valid MPN is on file, additional MPN’s need not be signed for new loan periods, a period of up to 10 years or until you contact the LOC to cancel the MPN. First-time loan borrowers may sign a new MPN as early as January 1 prior to the school year from which you seek financial assistance.
