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Master Promissory Note Direct PLUS Loans William D. Ford Federal Direct Loan Program OMB No. 18450068 Form Approved Exp. Date 04/30/2019WARNING: Any person who knowingly makes a false statement or

How to fill out master promissory note direct

How to fill out master promissory note direct:

1. Visit the official website of the Direct Loan Program.
2. Log in using your FSA ID.
3. Select the option to complete a Master Promissory Note (MPN).
4. Choose the specific type of Direct Loan MPN you need to fill out, such as Subsidized/Unsubsidized or PLUS.
5. Read and review the provided information and terms carefully before proceeding.
6. Enter your personal and contact information accurately, including your Social Security Number, address, and phone number.
7. Provide details about your school and academic program.
8. Indicate the loan amount you wish to borrow or the maximum loan amount allowed by your school.
9. Review all the information you have entered and make any necessary corrections.
10. Electronically sign the MPN, confirming your understanding of the terms and agreement to repay the loan.
11. Submit the completed MPN and save a copy for your records.

Who needs master promissory note direct?

1. Students who are applying for federal Direct Loans, either Subsidized/Unsubsidized or PLUS, will need to complete a Master Promissory Note (MPN) Direct.
2. Graduate or professional students who intend to take out Grad PLUS Loans will also be required to fill out an MPN.
3. Parents who are applying for the Direct PLUS Loan to help finance their child's education will need to complete a separate MPN as well.

Note: It is essential to check with your school's financial aid office regarding their specific requirements and procedures for completing the Master Promissory Note Direct.

For pdfFiller’s FAQs

What is master promissory note direct?

The master promissory note direct is a legal document that students must sign before receiving a Direct Loan from the U.S. Department of Education.

Who is required to file master promissory note direct?

Any student who is borrowing a Direct Loan for the first time is required to file a master promissory note direct.

How to fill out master promissory note direct?

To fill out the master promissory note direct, students must visit the Department of Education's website and follow the instructions provided.

What is the purpose of master promissory note direct?

The purpose of the master promissory note direct is to legally bind the student to repay the loan according to the terms and conditions set by the Department of Education.

What information must be reported on master promissory note direct?

Students must report personal and financial information, as well as agree to the terms of the loan repayment on the master promissory note direct.

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