Are you currently an undergraduate student?
Yes I am
You then use this particular MPN for Direct Subsidized Loans or Direct Unsubsidized Loans which are available to eligible undergraduate students
What if I am a Graduate or a Professional Student?
You then need to locate the correct MPN which will allow you to borrow federal student loans. This category of student can be eligible for Direct Unsubsidized Loans, Direct PLUS Loans or both. An MPN is needed for each loan type that you intend to avail of
What is a Master Promissory Note (MPN)?
The MPN is a legal document which outlines that you promise to repay your loan and any interest and fees to the US Department of Education
What if I am a parent of an undergraduate student, does this make any difference to the MPN process?
In this situation, you use the PLUS MPN for Direct PLUS Loans which are available to parents of undergraduate students
What is contained within an MPN when applying for federal student aid?