Completing a Master Promissory Note for the Grad Plus Loan
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The U.S. Department of Education offers low interest loans for students and parents of undergraduate
students. To be eligible to receive these loans (Direct Subsidized/Unsubsidized Loans to students, Direct
Parent PLUS Loans for parents of undergraduate students, or Direct Graduate PLUS Loans for
graduate/professional students), individuals must complete a FAFSA (at studentaid.gov), a Master
Promissory Note (MPN) and Entrance Counseling (for Direct Subsidized/Unsubsidized Loans and in
some cases, Parent PLUS Loans).
Who must complete a Grad Plus Loan MPN?
Graduate Students who wish to borrow a Grad Plus Loan from the U.S. Department of Education must
complete a MPN the first time they borrow loans for each type of loan borrowed (i.e. Direct
Subsidized/Unsubsidized Loan, Direct Parent PLUS Loan, and/or Direct Graduate PLUS Loan). If a
Direct Grad PLUS Loan has been approved in a prior year with an endorser, a new MPN must be
completed.
What information is necessary to complete a MPN for the Grad Plus Loan?
• Your Federal Student Aid ID (FAFSA ID) and Password
• Your Driver’s License (if applicable)
• Names, addresses, and contact information for two (2) individuals to be used as references.
References should be individuals who you have known for at least three years and who live
separately from each other.
How do I complete a MPN for the Grad Plus Loan?
1. The student must go to studentaid.gov
and “Log In” using their FSA ID and Password.