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Financial Aid & Tuition
Master Promissory Note (MPN)
Master Promissory Note (MPN)
Tags
MPN
master-promissory-note
loan-acceptance
loan-paperwork
What is a Master
Promissory
Note (MPN)?
When borrowing a loan for the first time, you complete a Master
Promissory
Note (MPN) before you are able to receive the funds. The MPN is a legal document showing that you agree to pay back the loan along with accrued interest and fees. To complete the MPN, you will need contact information for two references including addresses. You can complete this requirement on the
Student Loans website
. The login information is the same as your FAFSA login. Most schools are authorized to make multiple federal student loans under one MPN for up to 10 years.
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Check out this article I found in the ARCC-ATC Client Portal knowledge base.<br /><br /><a href="https://oitservices.arcc-atc.com/TDClient/2198/Portal/KB/ArticleDet?ID=143529">https://oitservices.arcc-atc.com/TDClient/2198/Portal/KB/ArticleDet?ID=143529</a><br /><br />Master Promissory Note (MPN)<br /><br />Response to the question: What is a Master Promissory Note (MPN)?