Master Promissory Note (MPN)
The Master Promissory Note (MPN) for Direct Subsidized Loans and direct Unsubsidized Loans is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loans(s). You may receive more than one loan under an MPN over a period of up to 10 years to pay for your educational costs, as long as the school is authorized to use the MPN in this way and chooses to do so. Complete the MPN online at studentaid.gov.