Will I need to complete a Master Promissory Note (MPN) every year?
No, you usually don’t need to complete a new MPN every year.
The Master Promissory Note (MPN) is valid for up to 10 years for most federal student loans, as long as:
- You’re borrowing through the same loan program (e.g., Direct Subsidized/Unsubsidized Loans)
- You haven’t had major changes to your loan terms or lender
You will need a new MPN if:
- You’re a first-time borrower
- You’re applying for a PLUS Loan (parent or graduate)
- Your previous MPN has expired or was revoked
Complete your MPN at studentaid.gov if required. Check your MyUMGC To Do list for updates.