Completing a Master Promissory Note

When you borrow from a student or parent loan program, you must sign a contract with the lender confirming an understanding of the loan and how it is to be repaid. This contract is called a " Master Promissory Note" (MPN).

The Master Promissory Note (MPN) is a legal document, which is a promise to repay the loan and any accrued interest and fees to the U.S. Department of Education. The MPN also explains the terms and conditions of the loan.

Simply put, a promissory note is your promise to repay the loan under the terms detailed within it. Because the promissory note is a legal document, you should read it very carefully and make sure you understand all the information before you sign. The details will include the terms and conditions under which the loan is made as well as your rights and responsibilities as the borrower. If there are errors on the promissory note, contact your lender before signing it. A promissory note for a student loan is also an agreement between the borrower, the lender, and the school that authorizes the school to credit the funds to the student's account, to use the borrower's Social Security number, to report to credit agencies, and to share information about the loan.

To complete your MPN please log on to and sign in using your FSA ID number. When a parent needs to complete the MPN for a PLUS loan they will need to sign in using their own pin number, not the student's pin number.