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Master Promissory Note

The Master Promissory Note is your agreement to repay your loan. If you are a first time borrower of Federal Direct Subsidized, Unsubsidized or PLUS loan you must complete the Master Promissory Note.  This process requires the borrower's FSA ID and password.

For assistance with applying for a new FSA ID, or password retrieval visit

Instructions are provided below.

Estimated time to complete is 30 minutes


  • REMINDER: The borrower is the one to sign in and complete the information.
  • Log into with your FSA information
  • Select - Complete Loan Agreement (Master Promissory Note)
  • Select the type of Master Promissory Note - very important to choose proper one
    • Students (undergraduate): select the "MPN for Subsidized / Unsubsidized Loan" link.
    • Students (graduate/professional): select the "PLUS MPN for Graduate / Professional Students" link.
    • Parents: select the "PLUS MPN for Parents" link
  • Visit each section and complete all the requested fields
    • Information
    • References (require 2 references)
    • Review and Edit
    • Sign and Submit
  • Allow 48 business hours for ISU to process your electronic agreement.  If you have questions, contact the Office of Student Financial Aid.

Frequently Asked Questions

Q. Do I have to do an MPN every year?

A. No, new borrowers are required to have an MPN at each school where they wish to borrow, though. So if you have borrowed Federal Student Loans in the past and are transferring to ISU, you will need to do a new MPN.

Q. Do parents have to do an MPN?

A. Yes, new parent borrowers must do an MPN. An MPN is an agreement to repay the loan. So the borrower must sign the MPN! Make sure that the parent borrower who applied for the loan is the one signing the MPN.

Q. I did this already. Why is my portal still showing that I need to do this?

A. The most common mistake when signing MPN documents is mixing up student and parent information. Students should sign for Federal Direct Subsidized or Unsubsidized loans, graduate students may sign for grad PLUS loans, and parents should sign for parent PLUS loans. Be sure that the right person is signing!

You should also double check that demographic information, such as date of birth, permanent address, and social security number match what was on the loan application. You can also call the loan servicer at (800) 557-7394 for help on the phone.


Master Promissory Note (MPN) Instructions

(viewable with Chrome or Firefox web browsers).


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