An MPN is necessary because it is a legal document in which you promise to repay your loan plus accrued interest and fees to the U.S. Department of Education and it explains the terms and conditions of your loan.
Do I need a MPN for a Direct PLUS Loan?
Yes, you would use a MPN for a Direct PLUS Loans available to eligible graduate students.
Do you need to complete an MPN?
Yes, I do need to complete an MPN.
Do you know how long it takes?
Yes, I do.
Can I receive more than one loan under an MPN?
Yes, you might receive more than one loan under an MPN over a period of 10 years to pay for your educational costs; but you must be at a school that is authorized.
What types of loans use MPN?