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(Direct Loans) Subject: Direct Loan Processing Information - Master Promissory Notes (Updated March 3, 2016)

Posted Date:September 16, 2011

Author: William Leith, Service Director, Program Management, Federal Student Aid

Subject: Direct Loan Processing Information - Master Promissory Notes (Updated March 3, 2016)

Note: In March 2016, we moved this announcement's attachments to the Direct Loan Processing Resources Information page on the IFAP Web site. Direct Loan MPN information is now at https://ifap.ed.gov/ifap/processing/directLoans.jsp.

This is the third in a series of announcements providing processing information for schools participating in the William D. Ford Federal Direct Loan (Direct Loan) Program. Each announcement is intended to provide operational guidance about a particular aspect of the Direct Loan process.

In this announcement and its attachments, we provide information about the Master Promissory Note (MPN) as follows:

  • MPN Basics
  • MPN Notifications
  • System-Generated MPN Acknowledgements
  • School Processing Options
  • MPN Searches and MPN Reports

We will post subsequent announcements about Direct Loan processes on the Information for Financial Aid Professionals (IFAP) Web site.

Contact Information

For questions about the announcement or its attachments, contact the Common Origination and Disbursement (COD) School Relations Center at 800/848-0978. You may also e-mail CODSupport@acs-inc.com.

Last Modified: 09/15/2011