Electronic Master Promissory Note (eMPN)

When students or parents take out a Direct Loan for the first time, they must complete an electronic Master Promissory Note (eMPN). The eMPN is available at www.studentloans.gov.  The eMPN is a legal document in which the borrower promises to repay their loan(s) and any accrued interest and fees to the Department. It also explains the terms and conditions of your loan(s).

To complete an MPN online, you will be required to use your Department of Education-issued PIN. If you do not have a PIN, you may request one from the official PIN site. A parent borrower must also request a PIN from the PIN site to use when completing a PLUS eMPN.

In most cases, once you've submitted the eMPN and it's been accepted, you won't have to submit a new one for any future loans you receive. Unless your school does not allow more than one loan to be made under the same MPN, you can borrow additional Direct Loans on a single MPN for up to 10 years. If you are applying for a Direct PLUS for the first time as a graduate/professional student, you'll need to complete and sign a PLUS eMPN that is separate from the one that you use for your Direct Subsidized and Unsubsidized Loans.

You'll receive a disclosure statement that gives you specific information about any loan that the school plans to disburse under your eMPN, including the loan amount, fees, and the expected disbursement dates and amounts.