Initiating your direct loan master promissory note (MPN)
In order to take out a direct loan, you must complete a master promissory note (MPN) for each year of study. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees and also explains the terms and conditions of your loan(s). You can complete your MPN on the FSA website. You must complete a new MPN for each year of loans that you borrow, as foreign schools do not operate multi-year MPNs.
*Please note: The FSA will update the MPN process in due course. In the near future you or your parent will be required to complete informed borrower confirmation via the FSA website. Please ensure that you keep an eye out for any changes, as we will not be able to originate/disburse funds unless this has been completed.