Direct Loan Master Promissory Note

Direct Loan Master Promissory Note

All students and parents requesting a Federal Direct Loan are required to complete a Master Promissory Note (MPN) with the William D. Ford Direct Loan Program (FDSLP) in addition to completing the loan request form through Baker College.  To complete your Master Promissory Note (MPN) you will need to follow the instructions listed below.

 


CLICK ON THE FOLLOWINGMaster Promissory Note to begin the process at the Department of Education’s web site.

NoteIt is critical that you select Baker College and do not select any of the branch campuses listed because all Master Promissory Notes must be processed through the school listed as “Baker College”.


 

Instructions for Completing the Direct Loan Master Promissory Note (MPN) E-Sign for Students and Parents

Please read through the following instructions carefully.  The instructions will help prepare you to answer the information requested to complete the Master Promissory Note.

  1. Click on the green “Sign In” button.

                                           

  1. Enter your social security number, first two (2) letters of your last name, your date of birth, and your Federal PIN (the same one that you use for your FAFSA).  If you do not have a PIN, you can access the PIN site at the bottom of this box.

                                            

  1. Click the “Sign In” button.
  1. Once you have logged in, you will need to verify your personal information in the top section and add a valid e-mail address to your profile, if needed.  Check the box if you would like to receive correspondence electronically.  If you enter any information in this area, click the “Update” button.

                                          

  1. Click on “Complete Master Promissory Note”.

                                       

  1. Select the type of Direct Loan you would like to receive for example: “Subsidized/Unsubsidized”.  If you are a parent, select the “Parent PLUS” option.

                      

  1. Complete the “Borrower Information”.  Please Note:  Do not list a PO Box as your permanent address; this may delay your loan disbursement. 
  1. A Parent PLUS borrower will need student information such as name, social security number and date of birth.
  1. Under the “School Information” section, select Michigan from the drop down box, then select Baker College from the School Name drop down box.  NoteIt is critical that you select Baker College and do not select any of the branch campuses listed because all Master Promissory Notes must be processed through the school listed as “Baker College”.

                                 

  1.  Click the “Continue” button.
  1.  List two references with different U.S. addresses who do not live with you and who have known you for at least three (3) years.  If you are a parent, do not list the student as one of your references.

                        

 

                      

 

                        

  1.  Click the “Continue” button.
  1.  Read through the “Rights and Responsibilities” sections which are in Sections C through G.  You must click on and read each of the four blue SECTION TITLES in order to continue to the next step.
  1.  Make sure your click on the box at the end and then click the “Continue” button.

                    

  1.  Review your borrower information for accuracy.  If you see any problems click on the “Edit” button in the right hand corner and correct.
  1.  At the bottom of the page, you are requested to enter you first, middle and last name.  This is your electronic signature and it must match your PIN information.  Then click the “Sign” button.
  1.  Once your signature has been authenticated, you must review the HTML information by clicking “Review Master Promissory Note.”  This will open a new window with your Master Promissory Note information.  If you need to make corrections, click on the “Back” button.  Once you have reviewed the information, you will need to close out of the “HTML Version”.  If all the information is correct, click the “Submit” button.
  1. A box will appear stating you have successfully submitted your Direct Loan Master Promissory Note (MPN) along with some additional information.  It will give you a line to click on to view or print your MPN.  You should print a copy for your records.
  1. When all the information has been completed, go to the tool bar and Logout.

 

If problems develop with the Master Promissory session, you will need to contact the Department of Education by sending an e-mail using the “Contact Us” tab in the upper right had corner of the web site.

The Baker College System
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