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Master Promissory Note

General Information

The Master Promissory Note is a form where a student promises to repay the Direct Stafford loans. The MPN requires an electronic signature. The Note once signed, can be used for one or more loans for one or more academic years (up to 10 years).

Student Borrowers

Student borrowers at Virginia Tech fall under the Direct Stafford Loan Program. Virginia Tech chooses to make multiple loans available under the same MPN. For example, if you enroll in college as a freshman and borrow under the Direct Loan Program for all years of study, you may be able to borrow under one MPN for all years.

Parent Borrowers

Parent borrowers fall under the Direct Parent PLUS Loan Program. This loan can be given to a parent whose child is attending a school that is authorized and chooses to make multiple loans under the same MPN for more than one academic year. For example, if the student enrolls in college as a freshman and borrows under the Direct Loan Program for all years of study, you may be able to borrow under one MPN for all years.

How to Sign the MPN

Visit the StudentLoans.gov web site for Direct Loans (if you are borrowing a Direct Unsubsidized/Subsidized Loan or Parent PLUS Loan)

Student Signing
  • Scroll down to the bottom of the page and click “Complete New MPN for Student Loans”.
  • The student will need his/her Social Security Number and his/her PIN from the FAFSA.
  • If the student has lost a PIN, visit www.pin.ed.gov and request a duplicate to be sent. Keep in mind this will take 1 to 3 days to be e-mailed to the student/parent.
  • There are 10 steps to the signing process. Make sure all 10 steps are complete and print out a copy of the MPN to keep for your permanent records.
Parent Signing
  • Scroll down to the bottom of the page and click “Complete New MPN for Parent PLUS loans”.
  • The parent will need his/her Social Security Number and his/her PIN from the FAFSA.
  • The parent seeking the PLUS loan must have their own PIN to sign the MPN.
  • There are 10 steps to the signing process. Make sure all 10 steps are complete and print out a copy of the MPN to keep foryour permanent records.

Master Promissory Note Tips

  • Have the PIN available before attempting to sign the MPN.
  • Complete all 10 steps.
  • Have addresses and phone numbers of 2 different people (only 1 can be a parent) who can verify who you are and where you have lived for the past year.
  • Multiple loans through FAFSA only require ONE MPN to be completed for the duration of the student’s attendance at school.
  • A MPN must be completed before a student or parent loan will pay out to the student.