All first time borrowers of William D. Ford Federal Direct Loans are required to complete a Federal Direct Loan Master Promissory Note (MPN) and, if applicable, a Federal Direct Graduate PLUS Loan MPN if borrowing either these loan programs. In addition, first time Federal Direct Loan or Federal Direct Grad PLUS loan borrowers at TUSDM must complete student loan entrance counseling.
Complete the MPN:
Complete an MPN electronically for Federal Direct Loan and/or Federal Direct Grad PLUS Loan at https://www.studentloans.gov and follow the step-by-step instructions provided. Note that you do not provide loan amounts when completing the MPN process for either the Federal Direct Loan or Federal Direct Grad PLUS. You must communicate the amount you wish to borrow from the loan programs on the completed Award Notification Letter which you must return to the Financial Aid Office. Students who prefer to complete a paper MPN may contact the Financial Aid Office.
It may not be necessary for students to complete Federal Direct or Grad PLUS MPN if one was completed either previously while in attendance at a school other than TUSDM AND the MPN is considered ACTIVE AND VALID.
If the student previously completed a Grad PLUS MPN yet no funds were subsequently borrowed (100% of loan proceeds were either returned or the loan was cancelled prior to disbursement), a new Grad PLUS MPN must be completed. Additionally, if the student was required to add an endorser to their prior Grad PLUS MPN in order to obtain credit approval, the student must complete a new Grad PLUS MPN.
To check the status of your previously completed MPN for either Federal Direct Loan MPN or Grad PLUS MPN on record the Federal Direct Loan program, contact the Federal Direct Loan Originations Center at (800) 557-7394.
When completing the Federal Direct Grad PLUS MPN, the borrower is providing authorization for the Federal Direct Loan Originations Center to run a credit check. If the borrower’s application is denied, the borrower may pursue an appeal and, if necessary, add an endorser to the loan. The Federal Direct Loan Originations Center will explain the appeal and endorser addition processes. Credit checks for subsequent Federal Direct Grad PLUS loans will be performed if the existing credit check on record is older than 90 days.