Chicago Office of Financial Aid > The Part-Time MBA Program > 2008-09 > Federal Stafford Loan Master Promissory Note (MPN)

Federal Stafford Loan Master Promissory Note (MPN),
The Part-Time MBA Program

Unlike most other loan applications, the Federal Stafford Loan (MPN) does not need to be completed each academic year as it is a multi-year document. Please carefully read the information below to determine whether or not you need to complete the Federal Stafford Loan (MPN). You may also refer to the "messages" section on the reverse side of your financial aid award notice to determine if you need to complete the Federal Stafford Loan (MPN).

Application Requirements for First Time Federal Stafford Loan Borrowers in The Part-Time MBA Program

If you have not previously borrowed from the Federal Stafford Loan Program while attending The Part-Time MBA Program, you will need to download, print, and complete the Federal Stafford Loan (MPN) here and submit it to the address at the bottom of this page.

First time Federal Stafford Loan borrowers at The Part-Time MBA Program must also complete the Federal Stafford Loan Entrance Interview. Be sure to select Northwestern University (for LW, MD, MSCIS, PO, PT, SCS, TMP only) - Chicago, IL in Step # 2 of the online process.

Application Requirements for Previous Federal Stafford Loan Borrowers in The Part-Time MBA Program

In most cases, if you have borrowed from the Federal Stafford Loan Program during the prior academic year (i.e., 2007-08) in The Part-Time MBA Program, you do not need to complete another Stafford MPN. Simply sign and return the award notice you received in the mail to the address at the bottom of this page indicating the amount of Stafford Loan you wish to borrow.

Exceptions: The following situations require that a previous Stafford Loan borrower in The Part-Time MBA Program complete the Federal Stafford Loan (MPN) again:

1. You decide to change your Stafford Loan Lender.
2. 12 months have elapsed since your last Stafford Loan disbursement.
3. You are changing degree programs. (e.g., changing from an undergraduate to graduate program)

Previous borrowers in The Part-Time MBA Program who meet any of the three conditions above must click here to download, print, and complete the Federal Stafford Loan (MPN) again and submit it to the address at the bottom of this page.

If you are uncertain as to whether or not you need to complete the Stafford MPN again, please check the "messages section" on the back of your financial aid award notice to verify this requirement. The "messages section" also contains other important information concerning your financial aid award.