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MPN Updates

Stay informed of changes to your Master Promissory Note (MPN).

Federal Stafford, PLUS, and Consolidation loan holders: Please be aware that the College Cost Reduction and Access Act (CCRAA) changed several of the terms outlined in your MPN.  Your loans are subject to these changes.

The following documents provide updates to the information and terms you originally received when you applied for these loans.  Please read these documents carefully.  Print a copy for your records and file it in a safe place.


Federal Stafford Loans

Documents Updates
Federal Stafford Loan Plain Language Disclosure
(26K, PDF)
Updates include the following under Item 19: Loan Forgiveness for Public Service Employees Program
Addendum: Federal Stafford Loan MPN
(32K, PDF)
Your loan is subject to these changes added under:
  • Borrower's Rights and Responsibilities Statement: Item 12, Repayment
  • Borrowers's Rights and Responsibilities Statement: Item 20, Special Repayment Arrangements

 

Federal PLUS Loans

Documents Updates
Federal PLUS Loan Plain Language Disclosure
(26K, PDF)
 
Updates include the following under Item 19: Loan Forgiveness for Public Service Employees Program
Addendum: Federal PLUS Loan Application and MPN and Endorser Addendum
(31K, PDF)
Loan changes apply to graduate and professional students and endorsers of Federal PLUS Loans, and then to all Federal PLUS Loan borrowers.
  • Borrower's Rights and Responsibilities Statement: Item 12, Repayment
  • Borrowers's Rights and Responsibilities Statement: Item 17, Special Repayment Arrangements

 

Federal Consolidation Loans

Documents Updates
Addendum: Consolidation Loan Application and Promissory Note
(24K, PDF)
Changes to the terms of your loan are as follows:
  • Section E: Repayment Plan Selection "Income-Based Payments"
  • The Note in the instructions
  • Borrower's Rights and Responsibilities Statement: Item 9, Deferment

 

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