What to Expect

The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s). Unless your school does not allow more than one loan to be made under the same MPN, you can borrow additional Direct Loans on a single MPN for up to 10 years.

Your school will tell you what loans, if any, you are eligible to receive.

The entire MPN process must be completed in a single session. Each MPN takes approximately 30 minutes to complete.

In this process, you will complete the following steps:

  1. Enter your personal and school information
  2. Enter your reference information
  3. Read the terms and conditions
  4. Review, electronically sign and submit the MPN

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