Master Promissory Note (MPN)

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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