FEDERAL DIRECT STAFFORD LOAN:
If it is your first time borrowing a Direct Stafford Loan, you must sign a Master Promissory Note (MPN) for the 2011-2012 academic year in order to receive your Stafford Loan Funds. You DO NOT have to wait until your loan has processed to complete this step.
If you are a returning student and have borrowed Direct Stafford Loans previous to the 2011-2012 academic year, you do NOT have to complete a new MPN.
To complete your Federal Direct Stafford Loan MPN, go to www.studentloans.gov
FEDERAL PERKINS LOAN:
All Federal Perkins Loan borrowers must sign a new Master Promissory Note every year in order to receive Perkins Loan funds.
To sign your Perkins MPN: Go to your Student Center on MaineStreet, click on View Financial Aid, and select the 2012 aid year. To access the Perkins Loan MPN, click on Sign Promissory Note link under Loan Details.
FEDERAL DIRECT PLUS LOAN:
If your parent has been approved for a Federal Direct PLUS Loan for the 2011-2012 academic year, your parent MUST sign a Master Promissory Note within 90 days of the loan’s credit approval in order for you to receive these loan funds.
If your parent has been approved for the Federal Direct PLUS loan, but no longer wishes to borrow the loan, please have them send a signed request to our office.
Parents should sign the PLUS Loan MPN at the following link: www.studentloans.gov