Master Promissory Note - Complete a New MPN for Parent PLUS Loans

Below you will find a quick outline of the steps involved in the electronic Master Promissory Note (MPN) process. If you haven't read the "What to Expect" section of this site, we recommend that you do so now. In addition, make sure that you have the hardware and software necessary to complete an electronic MPN.

An electronic MPN can be completed in 9 steps. Read the information below to understand how the electronic MPN process works. We estimate that it will take 30 minutes to complete the electronic MPN process. Make sure you allow enough time to complete the entire process in a single session. If you exit this web site before submitting your signed MPN in Step 8 and return later, you'll have to start over beginning with Step 1.

You need certain hardware and software to use an electronic MPN.

Remember, by signing an MPN you are agreeing to pay back any Direct PLUS Loans that you receive to pay for your child's education.

As of December 26, 2004, the PIN requirements have changed. If you have not updated your information already, please visit the PIN Site to review the requirements and update your profile. You must have an updated profile to login and complete your eMPN after December 26, 2004.

Direct Loan Electronic MPN Web Site Issue During May 11-12, 2008 Period Resolved

During the period May 11-12, 2008, Federal Student Aid experienced an issue with the Direct Loan Electronic Master Promissory Note (MPN) Web site. The issue resulted in users not being able to proceed beyond Step 3 in the process for completing an MPN. Federal Student Aid resolved the issue by mid-day on May 12, 2008, and users can now complete the electronic MPN process without issue. Federal Student Aid apologizes for the inconvenience caused by this issue. Thank you for your patience and understanding.

Information about Increased Annual Loan Limits for Certain Direct Subsidized Loans and Direct Unsubsidized Loans

Effective July 1, 2007, certain Direct Subsidized Loans and Direct Unsubsidized Loans have increased annual loan limits. This information will appear on the MPN Addendum shown in Step 5 of the process.