In order to better serve the Regent community, this twice-monthly newsletter has been developed as a means to keep you better informed of financial aid and job opportunities across campus. Summer Address Changes 2. 1999-2000 Loan Application Reminder 4. This series of articles is designed to help you better understand how the implementation of the MPN will impact the loan application process. The MPN process for the upcoming year will remain the same as in years past.
Lender disburses funds to school.
Students will notice a major change in the loan process when they apply for a subsequent loan, whether during the 1999-2000 academic year or the following year. For any loans processed after the initial MPN, the student no longer has to sign a promissory note. Instead, the new loan amount will be added onto the MPN that is on file. In previous years, the student would have needed to complete a new promissory note. The MPN eliminates this requirement.