First Time Federal Direct PLUS Loan Borrower


Master Promissory Note (MPN) for Direct Loans


A Federal Direct Parent PLUS Loan is one option a family has to help meet any uncovered costs there may be after all of your student's funds have been applied to his/her account.  The maximum amount you as a parent can borrow has been included on your student's financial aid award letter.

Parents, who are borrowing for the first time through the Federal Direct PLUS Loan Program, must complete a Master Promissory Note (MPN). The Department of Education provides an electronic version of the Master Promissory Note. Generally this is a faster process than completing a paper promissory note.


What You Need to Complete the MPN


1.   Your United States Department of Education PIN number. If you do not have your PIN, please visit the official Web site to get your Federal PIN number. Note, a student borrower has a PIN, and the parent borrower has a PIN. The parent PIN is not the same as the student PIN.

Federal Student Aid Pin Web site


2.   Gather the following information:


o   Your Social Security Number

o   Your driver’s license number

o   Names, addresses, and phone numbers for two references


3.   Go to the Electronic MPN Web site to complete your eMPN.