Parents and students borrowing for the first time at U-M through the Federal Direct Loan Program must do online Entrance Counseling and complete a Master Promissory Note (MPN) to receive their loan funds. The Master Promissory Note authorizes the university to credit the loan funds to your U-M student account for multiple years. MPNs are generally good for 10 years, so most students do not need to complete them more than once during their time at U-M, unless you have been out of school for one year or more.

If you sign a Master Promissory Note and do not want loans in future years, you must decline the loan the following year or it will be disbursed to you.

The borrower completes the Master Promissory Note for: Parents for a Direct PLUS loan; graduate/professional students for Direct Grad PLUS loans; and students for a Direct Loan (subsidized or unsubsidized), Health Professions or Nursing Loans.

To complete your MPN, follow the steps below or download our Master Promissory Notes guide.