When do I complete the MPN? You must sign your MPN before you receive your loan funds. The Master Promissory Note and the Direct Loan Entrance Counseling must be complete before UNM will disburse any loan funds to you.

Do I have to complete MPN?

Question: Will I need to complete a Master Promissory Note (MPN) every year? Answer: In most cases, for Subsidized and Unsubsidized Loans, once you've submitted the MPN and it's been accepted, you won't have to fill out a new MPN for future loans you receive.

Do I have to complete a MPN every year?

A signed Master Promissory Note is required: If You had not previously signed an MPN for the current type of loan. If your school requires You to sign a new MPN each academic year (most schools do not require this). If You signed an MPN more than one year ago, but no loan was disbursed.