Completing the Master Promissory Note

A promissory note is the contract between you and your lender that sets the terms of the loan you are taking. It is very important that you carefully read through each promissory note before signing so that you fully understanding your rights and responsibilities as a borrower.

Direct Subsidized and Unsubsidized Loans

If you are offered a Subsidized or Unsubsidized Direct loan, you will need to complete a Master Promissory Note electronically at the Studentloans.gov website. You will need your FAFSA PIN and at least two references to complete your Master Promissory Note. The Note is valid for 10 years and will only need to be completed once for all Direct Subsidized and Unsubsidized loans you receive for your program at MCCN. If you continue your education to one of MCCN’s graduate programs, a new Master Promissory Note must be completed for that program of study.

Parent PLUS Loan

If your parent is approved for a Parent PLUS Loan, they will need to complete a Master Promissory Note electronically at the Studentloans.gov website. They will need their FAFSA PIN and at least two references to complete their Master Promissory Note. A Master Promissory Note will need to be completed every year that your parent borrows PLUS Loan for your attendance at MCCN.

Graduate PLUS Loan

If you're approved for a Graduate PLUS loan, you need to complete a Master Promissory Note electronically at the Studentloans.gov website. You will need your FAFSA PIN and at least two references to complete your Master Promissory Note. A Master Promissory Note will need to be completed every year that you borrow a Graduate PLUS for your attendance at MCCN.

Institutional Loan

If you're offered an Institutional Loan you need to complete a Promissory Note in person with a Financial Services representative. The Promissory Note is valid for the Institutional Loan you are accepting. A new promissory note is required for each Institutional Loan accepted and must be completed every year that an institutional loan is utilized.

8:1 - clinical student:faculty ratio