Master Promissory Note for Stafford Loan

The MPN (Master Promissory Note) is a legal and binding document in which you agree to repay your student loan. Under this note, you may receive multiple subsidized and unsubsidized Federal Stafford loans over a maximum of 10 years. The advantage of using the MPN is that a new promissory note will not need to be signed for each new loan. Most lenders now provide E-signatures of the MPN, however, not all lenders have this capability. You will receive instructions on completing the MPN from the guarantee agency, when loans are processed in August. Follow the important tips at the bottom of the page to insure proper completion.

Questions 1 - 9: Verify that all preprinted information is accurate. If you are completing a paper MPN and you make any changes, be sure to initial them.

Question 10: References should be someone you are in frequent contact with, such as family or friends.

Question 12: Check “Yes” only if you want to pay the interest payments while you are in school. We recommend that you make your interest payments while in school if you can.

Questions 16 and 17: Remember to sign and date your MPN before submitting it to your lender.

Helpful Hints: If you are completing a paper MPN, return it to the address indicated. Keep a copy of your MPN for your records.