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   Master Promissory Note (MPN)

Read the questions and answers below to get helpful information about the Master Promissory Note (MPN).

View and print the entire FAQ

1. What is the MPN? View answer.

2. Does the MPN mean I don't have to reapply for a student loan each year? View answer.

3. How does the MPN benefit me? View answer.

4. What if I change schools? View answer.

5. What if I want to change lenders? View answer.

6. What if my lender transfers its loan rights? View answer.

7. Do all student borrowers use an MPN? View answer.

8. How long will I keep my MPN? View answer.

9. Does my MPN have an expiration date? View answer.

10. Why would I sign a new MPN? View answer.