Master Promissory Note

The Master Promissory Note is your agreement to repay your loan. If you are a first time 借款人 of Federal Direct Subsidized, Unsubsidized or PLUS loan you must complete the Master Promissory Note.  This process requires the 借款人's FSA ID and password.

For assistance with applying for a new FSA ID, or password retrieval visit http://studentaid.ed.Administration/sa/fafsa/filling-out/fsaid.

指令 are provided below.

指令

提醒: 借款人 is the one to sign in and complete the information.

• 登录 Student援助.政府 with your FSA information
• Confirm Your 信息 (3 steps)
• On the Account Dashboard click Complete 援助 Process 然后选择 Complete a Master Promissory Note
• From the Master Promissory Note page - select the appropriate MPN start button
  • MPN for 本科s (completed by the student)
  • MPN for 研究生/professional 学生 (completed by the student for 研究生 PLUS Loan)
  • MPN for Parents (completed by the parent for Parent PLUS Loan)
• 步骤1. 信息.  Update and verify all fields
  • Borrower 信息
  • School to notify - Indiana State University!
  • Employer 信息 (研究生/professional student & 仅限家长MPN)
  • Student 信息 (仅限家长MPN)
• 步骤2. References - Mandatory two (2) references
• 步骤3. Agreements - 5 sections, read carefully
• 步骤4. 审阅和编辑
• 步骤5. 签署并提交
• Allow 3-5 business days for ISU to process your electronic MPN.  If you have questions, contact the Office of Student 金融援助.

Frequently Asked Questions

Q. Do I have to do an MPN every year?

A. No. New 借款人s are required to have an MPN at each school where they wish to borrow federal direct loans. If you are transferring to ISU, you will need to do a new MPN for Indiana State University.

Q. Do parents have to do an MPN?

A. Yes, new parent 借款人s must complete a MPN. A MPN is an agreement to repay the loan; the 借款人 必须签署MPN吗! Make sure that the parent 借款人 who applied for the loan is the one signing the Parent MPN.

Q. I did this already. Why is my portal still showing that I need to do this?

A. The most common mistake when signing MPN documents is mixing up student and parent information. 学生 should sign for Federal Direct Subsidized or Unsubsidized loans, graduate students may sign for grad PLUS loans, and parents should sign for parent PLUS loans. Be sure that the right person is signing!

You should also double check that demographic information, such as date of birth, 永久地址, and social security number match what was on the loan application. You can also call the loan servicer at (800) 557-7394 for help on the phone.

Master Promissory Note (MPN) 指令

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