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20152016FEDERAL DIRECT STUDENT LOAN Complete the Free Application for Federal Student Aid (FAFSA) prior to requesting a Federal Direct Student loan. The FAFSA can be filed online by going to www.fafsa.ed.gov.
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Form MPN (Master Promissory Note) is a legal document that borrowers sign when taking out a federal student loan.
Borrowers who are taking out a federal student loan are required to sign the form MPN.
Form MPN can typically be filled out online through the student loan servicer's website.
The purpose of form MPN is to outline the terms and conditions of the federal student loan, including interest rate, repayment options, and borrower rights and responsibilities.
Form MPN requires information such as personal details of the borrower, loan amount, and repayment schedule.
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