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Master Promissory Note Direct Subsidized Loans and Direct Unsubsidized Loans William D. Ford Federal Direct Loan Program OMB No. 18450007 Form Approved Exp. Date 04/30/2019 WARNING: Any person who
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How to fill out a Master Promissory Note Direct:

01
Start by accessing the website of the Department of Education or the federal student aid website.
02
Log in using your Federal Student Aid ID (FSA ID). If you don't have one, create an FSA ID by following the provided instructions.
03
Locate the "Complete Loan Agreement (Master Promissory Note)" option and click on it.
04
Select the "Master Promissory Note (MPN)" for Direct Loans.
05
Read the provided information and instructions carefully before proceeding to ensure you understand the terms and conditions of the loan.
06
Enter your personal information as requested, including your name, address, Social Security number, and contact details.
07
Provide the necessary information about your school, program, and enrollment status.
08
Indicate the loan amount you would like to borrow. The amount should not exceed your school's cost of attendance minus any other financial aid received.
09
Review the terms and conditions of the loan again to ensure accuracy and understanding.
10
Agree to the terms and conditions by electronically signing the Master Promissory Note.

Who needs a Master Promissory Note Direct:

01
Students who have been awarded federal direct loans need to complete a Master Promissory Note (MPN) Direct.
02
Undergraduate, graduate, and professional students are required to fill out the Master Promissory Note if they are borrowing through the Direct Loan Program.
03
The Master Promissory Note serves as a legal contract between the borrower and the U.S. Department of Education, outlining the terms and conditions of the loan and the borrower's responsibilities. Hence, anyone borrowing through the Direct Loan Program needs to complete the MPN Direct.
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The Master Promissory Note Direct is a legal document in which the borrower promises to repay their federal student loan.
Students who are taking out federal student loans through the Direct Loan Program are required to file a Master Promissory Note Direct.
To fill out a Master Promissory Note Direct, borrowers must go to the official website of the U.S. Department of Education and follow the instructions provided.
The purpose of the Master Promissory Note Direct is to formalize the borrower's agreement to repay their federal student loan.
Borrowers must report personal information, contact information, and information about their loan terms on the Master Promissory Note Direct.
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