Signing a Master Promissory Note (MPN) means you agree to repay the loan
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To receive loan funds from the federal Direct Loan Program students must sign a Direct Loan Master Promissory Note. Students may do this on-line using their FAFSA PIN number or may request a paper Promissory Note from the Financial Aid Office.
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When you sign an MPN, you are agreeing to repay your loan according to the terms of the note.
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The note states that except in cases of loan discharge (cancellation), you must repay the loan, even if you don't complete your education.
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Also, you must repay your loan even if you can't get a job after you complete the program or you didn't like the education you paid for.
Signing a paper Master Promissory Note (MPN)
If you are not able to complete an online MPN, you may request a paper MPN from the Financial Aid office. This option is not recommended, however, in rare cases may be necessary. Please be prepared to provide the following information:
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The MPN requires names, addresses, and phone numbers of two personal references
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References must live at different addresses from each other and cannot live at your address unless a parent
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Personal references should be individuals who will know where to contact you if you should move to a new address
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The Financial Aid Office will mail your MPN to the appropriate address
