The MPN will serve as the Stafford Student Loan application. Students will only need to complete one MPN to borrow for this and subsequent aid years. Please be advised that we will assume that you wish to borrow the maximum amount eligible to you at your grade level for the academic year reviewed. You can decline or decrease this amount by completing the Stafford Student Loan Master Promissory Note Correction Form on-line . Principal and Interest Repayment begins six months after students cease to enroll at least half-time.
Students can take up to ten years to repay the loan.
Deferment and forbearance options are available for special circumstances. Be classified as at least a half-time student working toward a degree or certificate. Not be in default on an educational loan or owe any education grant refund. Have financial need in order to receive a subsidized Stafford Loan. Be registered with the Selective Service if required.