What Will You Become?
Iowa Western Community College

Master Promissory Note

All first-time Direct Loan borrowers are required to complete a Master Promissory Note (MPN). The MPN is a legal document in which you promise to repay your loan(s). It also explains the terms and conditions of your loan(s). In most cases, once you have submitted the MPN and it has been accepted, you won’t have to fill out a new MPN for any future student loans that you receive. In order to complete the MPN, you need to visit the Federal Student Aid web site at www.StudentLoans.gov.

MPNs need completed and signed electronically using your Federal Student Aid ID (FSA ID).  If you do not already have an FSA ID or have forgotten or misplaced your FSA ID, you can request a new or duplicate FSA ID at www.fsaid.ed.gov.  The FSA ID serves as an identifier allowing access to personal information on various U.S. Department of Education websites.

Keep in mind that Loan Entrance Counseling is required before a student can receive his or her first Federal Direct Stafford Loan.















Loan Entrance and Exit Counseling Code of Conduct
Master Promissory Note