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Begin with Section A: Borrower Information. Indicate whether you are a Graduate or Professional Student or a Parent of a Dependent Undergraduate Student. Fill in your Driver’s License State and Number, Social Security Number, Date of Birth, Email Address (optional), Name, Permanent Address, and Telephone Number.
Complete Section B: School Information by entering the School Name, Code/Branch, and Identification Number as provided by your institution.
If applicable, fill out Section C for Dependent Undergraduate Student Information. Enter the student’s name, Social Security Number, and Date of Birth.
In Section D: Borrower Request, read carefully through the certifications and authorizations before signing. Ensure all information is accurate.
Finally, sign in Section E: Promise to Pay. Enter today’s date and review all sections for completeness before submitting.

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What is the master promissory note for the federal direct graduate PLUS loan?

The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

What is a federal direct parent PLUS loan?

Direct PLUS Loans for parents are unsubsidized loans made to parents of dependent undergraduate students. If a students parents cannot get a parent PLUS loan, the student may be eligible to receive additional unsubsidized loans. Learn more about parent PLUS loans.

How long does a master promissory note take to process?

It takes about 1-2 business days for the financial aid department to see that a student has completed the Master Promissory Note and Entrance Counseling.

What is the direct loan graduate plus master promissory note?

All students who apply for a Federal Direct Graduate PLUS Loan are required to complete a Federal Direct Grad PLUS Loan Master Promissory Note (MPN). The MPN can be completed online. The MPN is your contract with the U.S. Department of Education. By signing the MPN, you promise to repay your student loans.

How do I know if my parent PLUS loan was approved?

After you receive your parent PLUS loan, you will be contacted by your loan servicer (you will repay your loan to the loan servicer). Your loan servicer will provide regular updates on the status of your parent PLUS loan.