Master Promissory Note (MPN)

The MPN is a promissory note that can be used to make one or more loans for one or more academic years (up to 10 years).

• If you are a student borrower under the Direct Loan Program attending a school that is authorized and chooses to make multiple loans under the same MPN for more than one academic year, you will only sign one MPN. It will be used for all of your loans over multiple academic years. For example, if you enroll in college as a freshman and borrow under the Direct Loan Program for all years of study, you may be able to borrow under this one MPN for all years.

• If you are a parent borrower under the Direct Loan Program whose child is attending a school that is authorized and chooses to make multiple loans under the same MPN for more than one academic year, you will only sign one MPN. It will be used for all of your loans over multiple academic years. For example, if your child enrolls in college as a freshman and borrows under the Direct Loan Program for all years of study, you may be able to borrow under this one MPN for all years.

Electronic MPN

The electronic MPN site allows you to complete and sign an MPN over the web as an alternative to using a paper MPN.

The process for completing an electronic MPN is simple. You will need to have your Department of Education issued PIN to begin the process. If you do not have your PIN, please visit the official PIN site. You will also need certain hardware and software to complete the process.

You can begin the process by choosing Complete New MPN for Student Loans or Complete New MPN for Parent PLUS Loans.