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Signing the MPN

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Published on Apr 17, 2012

1. In this video tutorial, I'll show you how to sign a Master Promissory note for a Federal Direct loan. First, visit www.studentloans.gov and click the green 'Sign in" button.

2. Sign in using the information requested. Note that the sign-in information must match the information listed on the borrower's FAFSA.

3. This is the landing page. Note that you can complete entrance counseling, apply for repayment options, and complete endorser requirements from this screen. Today, we want to click the link that says "Complete Master Promissory Note."

4. Next, we must select the type of loan. If you are signing for a Direct Stafford loan, select the Subsidized Unsubsidized Link. If you are signing for a Direct Parent PLUS or Graduate PLUS loan, you can choose the other options. Since this tutorial is for Stafford loans for students, let's choose the first one.

5. Step One: Information. Fill in the requested fields about yourself. Remember, the information must match what is listed on the borrower's FAFSA.

6. Step Two: References. Enter information for two loan references and click submit.

7. Step Three: Terms and Conditions. Take your time to read through the four sections of loan terms and conditions. When you are finished, click continue.

8. Step four: Review and Sign. If all of your information is correct, click Agree to sign your Master Promissory Note.

9. Once the preview pops up, scroll down and click submit.

10. You will then be redirected to a confirmation screen. Check your email to confirm it was transmitted successfully.

11. Please allow 48 hours for ISU to process your electronic signature. If you have questions, visit our website, www.indstate.edu/finaid.

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