To simplify the loan process for students, the federal government uses a Master Promissory Note (MPN) for the most common loans.  The MPN makes it possible for students to use the same note for up to ten years.  This speeds up the process in each subsequent year since the note(s) usually must be completed and approved only in the initial year.

Completing the MPN does not require the student/parent to borrow the loan(s).  The borrower will be notified of their loan eligibility each year on the student's financial aid offer.  The student/parent will then be given the opportunity to decline or reduce any loans.

Check your Financial Aid To Do List on MyUI to determine if an MPN needs to be completed.

Entrance Counseling is required before a student can receive their first Federal Direct Stafford Loan and/or their first graduate/professional PLUS loan.

MPN’s can be completed on-line for the following loans:

The University of Iowa has an agreement with Heartland Educational Computer Systems, Inc. (ECSI) to process MPNs and administer the billing and collection of the following loans.  Therefore, students will be completing their MPN with ECSI. ECSI will notify the UI OSFA when the MPN has been completed.  If you have trouble completing your ECSI MPN, contact ECSI Customer Service at 888-549-3274.