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Master Promissory Note (MPN) and Entrance Counseling INSTRUCTIONS Federal Direct Stafford Loan Students interested in applying for Federal Direct Loan funding will need to complete a Master Promissory
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How to fill out master promissory note mpn
How to fill out Master Promissory Note (MPN):
01
Visit the website of your student loan provider or the U.S. Department of Education's official website.
02
Look for the option to fill out the Master Promissory Note (MPN) and click on it.
03
Provide your personal information such as your name, date of birth, Social Security number, and contact details.
04
Verify your identity as instructed by the website. This may involve answering security questions or providing additional documentation.
05
Choose the type of loan you are applying for, such as Direct Subsidized Loan or Direct Unsubsidized Loan.
06
Review the terms and conditions of the loan carefully. Understand the interest rates, repayment options, and any associated fees.
07
Read through each section of the Master Promissory Note (MPN) thoroughly. It is important to understand the responsibilities and obligations you are agreeing to.
08
Provide the necessary information about your school, enrollment status, and loan amount requested. Make sure all the details are accurate.
09
Review your application before submitting it. Double-check all the information you have provided to ensure its accuracy.
10
Submit the completed Master Promissory Note (MPN) electronically, following the instructions provided on the website.
Who needs a Master Promissory Note (MPN):
01
Students who are taking out federal student loans to finance their education.
02
Graduate students who are applying for Graduate PLUS Loans or health profession students applying for Health Professions Loans.
03
Parent borrowers who are applying for Parent PLUS Loans to help their child finance their education.
Remember, a Master Promissory Note (MPN) is a legally binding document that outlines your agreement to repay your student loan(s). It is important to fill it out accurately and understand the loan terms before submitting it.
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