Direct Loan Borrowers Must Complete a Direct Loan MPN.

If you have not previously received a Direct Loan, you must complete a Direct Loan Master Promissory Note (MPN).

The MPN is the legal document through which you promise to repay your Direct Loans and any accrued interest and fees to the Department of Education. It also explains the terms and conditions of your loans. A Direct Loan MPN is valid for up to ten years from the date the MPN is received and at least one actual disbursement is made within a year from the date the department of education receives the MPN. You may complete a Direct Loan MPN electronically at https://studentloans.gov.  When you e-sign your MPN sign with your full name (no nickname, first name initials or abbreviation’s).  You also have the option of completing a paper Direct Loan MPN.

To complete a Direct Loan MPN electronically, you must have a Federal Student Aid PIN. The Federal Student Aid PIN is the same PIN used to complete the Free Application for Federal Student Aid (FAFSA).