Master Promissory Notes

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Once you have been awarded and accept a Federal Stafford loan, or if you have applied for a Federal PLUS loan with Portland State and it has been approved by your lender, you will need to complete a Master Promissory Note (MPN) for the funds to be disbursed to the school. The MPN is the binding legal document that borrowers sign when they obtain loans. Promissory notes define the conditions under which funds are provided and the terms under which borrowers agree to pay back the loan. Promissory notes include information about your interest rate and about deferment and cancellation provisions. If you selected a lender that is not listed below, contact your lender for instructions on signing your Master Promissory Note.

e-Signing your Stafford MPN

Once you have accepted a federal Stafford loan offered to you by the PSU financial aid office and have selected a lender to fund your loan, you will receive MPN information via mail detailing both your e-sign and paper signature options.

OpenNet | Begin MPN e-sign if you selected one of the lenders listed below. To begin, log into your student account on the PSU Information System, select the Student Services and Financial Aid option, then select Financial Aid, then select Stafford Master Promissory Note. OpenNet Stafford MPN e-Sign Guide

  • ASAP Union | Nelnet
  • Key Bank
  • Nellie Mae
  • Sallie Mae
  • Wells Fargo

Your Stafford MPN will be ready for you to e-sign via OpenNet generally five business days after you accept your loan and choose a lender listed above.

  • Citi Bank | begin MPN e-sign if you selected Citi bank for your Federal Stafford loan.

e-Signing your PLUS loan MPN | Begin PLUS MPN e-Sign

If you selected one of the lenders listed below for your Federal PLUS loan, your PLUS MPN will be ready for you to e-sign via OpenNet generally five business days after you submit the PLUS loan application to PSU. Once you have submitted your Federal PLUS loan application to the PSU financial aid office and have selected a lender to fund your loan, you will receive MPN information via mail detailing both your e-sign and paper signature options.

  • ASAP Union | Nelnet
  • Key Bank
  • Nellie Mae
  • Sallie Mae
  • Wachovia

 

Stafford and PLUS borrowers who do not wish to electronically sign the MPN may print and complete a paper MPN and mail it to their lender.

Federal Stafford MPN | Download and print

Federal PLUS MPN | Download and print

You will need Microsoft Internet Explorer 5.0 or Mozilla Firefox 1.0 or later to download and sign your Master Promissory Note. Safari does not currently support the MPN e-sign process.

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