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Master Promissory Note

Federal Direct Subsidized or Unsubsidized Loan Master Promissory Note Required

If you accept a Federal Subsidized and/or Unsubsidized Direct Loan, you can sign the required Master Promissory Note (MPN) electronically at the U.S. Department of Education's MPN Web site. You will need to have your Department of Education (ED) issued PIN to begin the process. If you do not have your PIN, please visit the official PIN site. After accepting your loan, you will be sent an e-mail directing you to complete your MPN. Your loan will not be disbursed until OSF receives notification from ED that you have completed your MPN.

The electronic MPN can be used to make one or more loans for one or more academic years (up to 10 years). If you have not gone over 12 months between disbursements, you will not be required to complete an additional promissory note for your Direct Subsidized or Unsubsidized Loan.

PLUS Master Promissory Note

If you accept a PLUS (parent loan), your parent (the borrower) will be required to complete a PLUS Master Promissory Note (MPN).

You, the student, do not complete any part of either document.

Your parent can sign the required MPN electronically with their Department of Education issued PIN. If they don't already have their PIN, they can request one on the official PIN site.

The PLUS MPN can be used to make one or more loans for one or more academic years, and in most cases, the parent borrower may then receive additional Direct PLUS loans for that student at that school for up to 10 years without completing a new Direct PLUS MPN.