The Master Promissory Note (MPN) 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 Direct 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. The Master Promissory Note must be completed with the Department of Education for all students who have never received a Federal Direct Loan before.
- Federal Direct Master Promissory Note
- On the studentaid.gov website, click on the In School tab. Select the Complete a Loan Agreement (Master Promissory Note/MPN). In the section "I'm an Undergraduate Student" click on the Log In To Start button.
- Complete this AFTER you are admitted to NDSU
- You must complete the MPN at each school where you borrow a Federal Direct Loan; having previously completed the MPN at another school will not meet federal requirements for loan funds to be paid to your student account.
- Graduate PLUS Master Promissory Note
- On the studentaid.gov website, click on the In School tab. Select the Complete a Loan Agreement (Master Promissory Note/MPN). In the section "I'm a Graduate/Professional Student" click on the Log In to Select MPN Type button.
- Complete this AFTER you are admitted to NDSU
- You must complete the MPN at each school where you borrow a Federal Direct Loan; having previously completed the MPN at another school will not meet federal requirements for loan funds to be paid to your student account.