In 90 Seconds or Less: Master Promissory Note (MPN)

This podcast explains what a Master Promissory Note is and the four things you need to know about it for the Parent PLUS, Graduate PLUS, and Stafford Federal Loans.

Use your Federal Student Aid PIN (the PIN you used for the FAFSA) to sign into StudentLoans.gov and follow the instructions to Sign your Master Promissory Note (MPN).

After you have signed your MPN, your loan will appear as a credit on the tuition bill. If a credit balance remains after your student's tuition bill is paid in full, there may be a refund.

In most cases, you will only need to sign an MPN once during your college career.

If you have technical difficulty signing the MPN, please contact the U.S. Department of Education’s Direct Loan Applicant Services at 800-557-7394. You may request a paper MPN from our office; however, processing may take three to four weeks, more than double the time it takes to process online.