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This document provides a step-by-step guide on how to electronically sign your Stafford Loan Master Promissory Note (MPN) using the American Student Assistance website, including required information
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How to fill out how to esign your
How to fill out How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)
01
Visit the official student loan website or the designated platform for e-signing.
02
Log in with your student credentials or create an account if you don't have one.
03
Locate the section for the Stafford Loan Master Promissory Note (MPN).
04
Read through the terms and conditions carefully.
05
Fill out the required personal information fields accurately.
06
Review your information for any errors.
07
Proceed to e-sign the document by following the on-screen instructions.
08
Submit the e-signed MPN.
09
Save a copy of the completed MPN for your records.
Who needs How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)?
01
Students who are applying for federal Stafford Loans to help pay for college expenses.
02
Borrowers who need to renew their loans or update their loan information.
03
Anyone who is required to complete the MPN as part of the loan process.
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What happens after you fill out MPN?
Your school's financial aid office will be notified of your Master Promissory Note (MPN) completion and will contact you if further action is needed. Before loans are disbursed, you will receive a disclosure statement from the U.S. Department of Education or your school.
How to fill the promissory note?
But what exactly do you need to write a promissory note? Include their full legal names, addresses, and contact numbers — include any co-signers if applicable. The terms of this note should specify the amount borrowed, repayment terms (including interest rate, if applicable), and the due date or schedule of payments.
What is the rate for graduate loans?
Current student loan interest rates Academic yearUndergraduateGraduate 2023-24 5.50% 7.05% 2022-23 4.99% 6.54% 2021-22 3.73% 5.28% 2020-21 2.75% 4.30%8 more rows • Jun 2, 2025
What is the number on the master promissory note?
The Subsidized/Unsubsidized Master Promissory Note (MPN) has a unique 21-character MPN Identification Number (MPN ID). No dollar amount is printed on the MPN, and one note can be used for multiple subsidized and unsubsidized loans. The complete MPN, including all sections, must be provided to the borrower.
How do you sign a promissory note?
A promissory note must be signed by the borrower to be valid. You may want the borrower to sign in front of a notary to ensure the signature is authentic. The lender keeps the original promissory note and the borrower should receive a copy.
What is the MPN for a graduate 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 the maximum amount for graduate loans?
Aggregate Loan Limits Graduate and professional students: $138,500 (or $224,000 for certain medical training) including undergraduate borrowing (including up to $65,500 subsidized).
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What is How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)?
How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN) is a guide that outlines the steps for electronically signing the Master Promissory Note required for federal Stafford loans. The MPN is a legal document in which the borrower agrees to the terms and conditions of the loan.
Who is required to file How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)?
Students who wish to borrow federal Stafford loans are required to file and e-sign their Master Promissory Note (MPN) as part of the application process.
How to fill out How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)?
To fill out the MPN, visit the Federal Student Aid website, log in with your FSA ID, follow the prompts to complete the required fields, and then review and e-sign the document electronically.
What is the purpose of How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)?
The purpose of e-signing the MPN is to create a legally binding agreement between the borrower and the lender for the Stafford loan, ensuring that the borrower understands the terms and conditions of the loan.
What information must be reported on How To… E‐Sign Your Stafford Loan Master Promissory Note (MPN)?
The MPN requires the borrower to report personal information such as name, address, Social Security number, school information, and the details of the loan including the amount and repayment terms.
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