Scholarships & School Funding. Direct Loan Master Promissory Note

Scholarships & School Funding. Direct Loan Master Promissory Note

You will be required to sign your Direct Loan Master Promissory Note (MPN) if you are a first time borrower, a continuing NU student or a new transfer student,. You are able to visit StudentLoans and finish the MPN electronically.

You shall need/expect the annotated following:

  • Your FSA ID to ensure your identification
  • Disclosure and Consent
  • Provide Name and Class
  • Complete MPN
  • Review/Read Draft MPN
  • Sign your MPN
  • Review finalized MPN/Enter Verification Code
  • Confirm Recognition of MPN Terms and Submit MPN
  • Print your MPN!
  • About Federal Direct Loan Interest Levels and Charges

    When you yourself have loans from previous years you may possibly have a fixed interest rate of 6.8 percent for loans processed after June 30, 2006 or perhaps a adjustable rate that cannot surpass 8.25 per cent. Continue reading “Scholarships & School Funding. Direct Loan Master Promissory Note”