Direct PLUS Loans - Parents: Can the Master Promissory Note (MPN) for a Direct Subsidized/Unsubsidized Loan be Used for an Undergraduate Student's Direct PLUS Loans?

Question: Can the Master Promissory Note for a Direct Subsidized/Unsubsidized Loan be used for an Undergraduate Student's Direct PLUS Loans?

Answer: The answer is no. The parent and the student must sign a separate Master Promissory Note (MPN). A student will complete a MPN for Stafford Loans, and a parent will complete a PLUS MPN. Both Master Promissory Notes can be accessed by clicking on the following link: US Dept of Education (ED) - Student Loans


Additional information regarding the Federal Direct Loan process for Parents can be accessed by selecting the following link:
Federal Direct Parent Loan - Undergraduate Students

Note: Loan origination fees for Direct Loans will increase for the 2018 - 2019 academic year. Direct PLUS Loans (Parents and Graduates) disbursed on or after October 1, 2018 will have a loan origination fee of 4.248%.