Your Master Promissory Note (MPN) is a legally binding contract you sign, agreeing to repay the Stafford Loan money you will borrow.
The MPN describes your rights and responsibilities as a student loan borrower. It is extremely important to read everything included on your MPN. By signing it, you not only agree to repay the money you borrow, but you also agree to all terms and conditions included.
When you sign your MPN, you are choosing which lender will service your loans. All federal loans will have the same interest rates and federal benefits, regardless of the lender you choose. When choosing a lender, there are three main differences to consider:
1.) Customer service,
2.) Origination fees the lender may charge,
3.) Repayment incentives the lender may offer you as a borrower.
While you may choose any lender, it is recommended that you chose one that is established and reputable. The lenders included on our web pages have demonstrated competitive benefits and good customer service.
If you have any questions about choosing a lender, please contact the Financial Aid Office.
STUDENTS:
Stafford Loan – Select lender and Complete MPN
Graduate PLUS Loan – Select lender and Complete MPN
PARENTS:
Federal PLUS Loan – Select lender and Complete MPN