Master Promissory Note Instructions
The Federal Department of Education has developed an electronic signature process that will expedite the processing of your Master Promissory Note (MPN), which is required for all student loan borrowers. All new first-time borrowers of Federal Direct Loans, are required to complete a MPN. Please read and follow all instructions carefully in order to ensure that your funds will be processed and credited to your student account.
To begin the process, you will need your FSA ID – a username and password. The FSA ID has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and is used to sign legally binding Federal Student Aid documents electronically. It has the same legal status as a written signature.
Do not give your FSA ID to anyone. Sharing your FSA ID could put you at risk of identity theft! If you do not already have an FSA ID, you can create one when logging in to https://studentloans.gov.
Once you have your FSA ID, you may then complete your MPN at https://studentloans.gov. Please read and follow all instructions carefully. You must allow enough time complete the entire process in a single session. If you exit the website before submitting the signed MPN and return later, you will have to start over from the beginning. To successfully sign and complete your MPN, you must CONFIRM ACCEPTANCE OF ALL TERMS and SUBMIT the MPN.
Entrance Counseling Instructions
Federal regulations also require all first-time Federal Direct Loan borrowers to participate in a one-time loan entrance counseling session. The purpose of this counseling is to provide students with information that will help them understand their rights and responsibilities and may be completed online at https://studentloans.gov. You must allow enough time to complete the entire process in a single session. If you exit the website before completing the entrance counseling and return later, you will have to start over from the beginning.
The signed master promissory note (MPN) and entrance counseling must be completed prior to any loan funds being disbursed to your student account.
We strongly recommend that you complete the MPN and entrance counseling electronically. However, if you do not have access to a computer or simply prefer to complete a paper promissory note and entrance counseling, you may request both by contacting the Financial Aid Office at (732) 571-3463 or emailing the office at email@example.com. You may also visit the Financial Aid Office in person in Wilson Hall, Room 108.