The Stafford Master Promissory Note (MPN) is a multi-year or serial loan feature of the Stafford program that allows the borrower to receive future Federal Stafford Loans without completing and signing additional promissory notes. By signing only one promissory note electronically, the delivery of student loan funds will occur even faster because the time it takes for a promissory note to be mailed, completed, and returned for disbursement will be eliminated.

Federal Direct Stafford MPN Electronic Signature Process (For the 08/09 Academic Year)

As of the 2008-09 academic year, Purdue University is participating in the Federal Direct Loan Program.  All students will have to sign a new promissory note.  Students will use their FAFSA PIN to sign their promissory notes.  The student can sign their electronic promissory note at www.dlenote.ed.gov.