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SJSU Financial Aid & Scholarship Office: Master Promissory Note Guide - YouTube
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Hello. In this video, we are going to be talking about
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how to complete a Master Promissory Note
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for your federal loans at San Jos茅 State University.
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This video is useful for undergraduate students,
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graduate students, and parents that are
signing on the Parent PLUS Loan.
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The first step is to open your web browser
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and you want to go to studentloans.gov, as seen here.
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And then you're going to click on Log In.
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Then you're going to type in
your FSA ID and password.
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Remember the person that's signing is
the one that needs to be logging in,
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so if you're the parent signing,
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you, the parent need to log in with
your own personal FSA ID.
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So you're going to click on Log In.
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It's going to have a disclaimer with some terms that you
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need to agree to before it lets you into the website.
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So you want to click Accept.
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And then from here you are on the home page.
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It's a good idea to verify over here with My Profile
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to verify that you are the correct person logged in
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because with FSA ID you can log in
with a username or email.
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So if you are logging in, make sure that
you are actually logged in as yourself,
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because you're not going to be able to sign
if you're not logged in as the proper person.
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From here you're going to click on
Complete Loan Agreement
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and then there's three options.
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So if you're an undergraduate or graduate student
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taking out a subsidized or unsubsidized loan,
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you would click here, MPN for
subsidized/unsubsidized loans.
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So you can click the start button here.
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If you're a graduate student and you're
also taking out a Graduate PLUS loan,
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you want to click on the PLUS MPN for graduate/professional students.
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It's important to note that if you just have
the unsubsidized loan,
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you do not use this option,
you will use the first option.
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If you are a parent signing for
a Master Promissory Note
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for a student, you'll click on the third
option, which is PLUS MPN for parents.
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So we'll start with MPN for students.
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It's a very simple page here.
It has your name at the top.
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You are putting in your driver's license state.
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If you don't have an ID, just don't select a state.
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If you don't have a state ID,
don't select a state
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and you don't need to fill that part out.
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So you'll notice that it's required
if you pick a state,
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so if you don't have an ID, just don't pick a state.
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You don't have to worry about it.
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So you put in your driver's license number, your address,
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fill out all the information, and then you're
going to choose the school.
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So you can just do California and then you can type in
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San Jos茅 State.
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And you should get a green box.
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I'm not going to have a green box because
I don't have any loans with San Jos茅 State,
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but that will allow you to continue.
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From there, it's going to ask for two references
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and it's going to go over all the terms
on the subsidized and unsubsidized loans.
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So let's start again and we'll go
back for graduate students.
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So basically it's the same process
for graduate students.
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You click complete, click here,
it's going to ask for the same information,
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it's going to go over the terms on PLUS loans.
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And you can sign from there.
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For parents, it's a little bit different because
it's going to ask for the student information.
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So you click on Start again.
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It's going to ask your citizenship status,
your driver's license state again.
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And again, if you don't have one, just don't select a state,
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you won't have to pick a driver's license number.
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Verify your address or put your address in.
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And then it's more contact information
followed by student information.
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So make sure you are putting in
the student information here
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and then you're going to select the school again.
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And if everything matches up
you are going to get the green box
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that will let you continue to put in two references.
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Now, there's a multitude of reasons
why this might not work.
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If, on your original PLUS application,
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you put the wrong Social Security Number
or the wrong date of birth
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or your name doesn't match up properly,
it's not going to let you continue.
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So if you're clicking in the right spots
and it's still not letting you continue,
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please give our office a call so that we can investigate
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a little bit further to see what needs to be corrected
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in order for you to do
a master promissory note.
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So this has just been a brief tutorial on
how to complete Master Promissory Notes.
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Thanks for watching!
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