What is an MPN?
The Master Promissory Note (MPN) is a legal agreement between you and the U.S. Department of Education. By signing it, you are officially promising to repay your student loans, plus any interest that accumulates.
All students and parents taking out a Federal Direct Subsidized, Unsubsidized, or PLUS Loan for the first time must complete an MPN before funds can be released.
What You Need Before You Start:
- Your FSA ID: This is the same username and password you used to sign your FAFSA
- Personal Info: Your social security and driver’s license number
- Contact Info: A valid personal email address
- Two References: The names, addresses, and phone numbers of two people who have known you for 3 or more years. Note: They cannot live at the same address as you!
Step-by-Step Instructions:
- Go to studentaid.gov and log in with your FSA ID
- Under 'Loans and Grants' select 'Master Promissory Note (MPN)'
- Select the appropriate MPN type for your situation:
- Undergraduate Subsidized/Unsubsidized Loan Borrowers: click 'Start' next to 'I'm an Undergraduate Student'
- Graduate Loan Borrowers: click 'Select MPN Type' next to 'I'm a Graduate/Professional Student' then select the appropriate loan type
- Parent Plus Loan Borrowers: click 'Start' next to 'I'm a Parent of an Undergraduate Student'
- Complete the sections and submit
Note: When completing the MPN it is critical that you select Baker College and do not select any of the branch campuses listed because all Master Promissory Notes must be processed through the school listed as “Baker College.”
What happens next?
Once you submit, Baker College will receive the results electronically and your financial aid requirement will automatically show as satisfied. No further action is needed!