Perkins MPN Completion

You must read, complete and submit the appropriate paperwork for your Federal Perkins Loan Master Promissory Note (MPN) to be valid and your loan funds disbursed to your bill.

ACT NOW  to complete the Perkins MPN.

The Federal Perkins Loan Program is set to expire in September 2017.

Students must accept the Perkins Loan on the award offer, complete all paperwork connected to the MPN, and have the MPN paperwork received by Monday, September 18, 2017, at 5 p.m. or risk not being able to receive a Perkins Loan.

It may take up to 2 days after completing the promissory note that all systems will be updated. Once the updates have occurred, your loan will be ready for disbursement based on the terms of your loan.

Completing & Submitting Required Paperwork

As with all loans, a borrower needs to submit paperwork that is the legal acceptance of the loan, shows an understanding of the process, and provides contact information upon repayment.

Please review, complete, and submit the 6-page fillable PDF* document linked below. It includes the Perkins Master Promissory Note (MPN), the Rights and Responsibilities, and the Personal and Confidential Form.

On the final page, basic personal information is required. Make sure each text block is completed. Included in the request is information on 2 references. These references are not responsible for paying back the loan. They will only be contacted should the University of Cincinnati, the U.S. Department of Education or their agents need to locate you.

Documents must be completely filled out and submitted at the locations below. Only after verification that all information is complete will your loan disburse to your online bill if it is within 10 days of the start of the term and you are registered for classes at least half-time.

Submit all 6-pages of the completed document to:

  • One Stop Student Services, 220 University Pavilion
  • UCBA One Stop Services, 150 Muntz
  • Clermont One Stop Services, 100 Student Services Building
  • COM Financial Services, E-556 MSB
  • By Mail:  Bursar Office; ATTN: Loan Notes; University of Cincinnati; PO Box 210140; Cincinnati, OH 45221-0140

Original, ink signatures are required.
Therefore, digitally signed, faxed or scanned copies cannot be submitted.

Students who do not have printer access can go to these service locations to complete required paperwork.

ACT NOW  to complete the Perkins MPN process.

The Federal Perkins Loan Program is set to expire in September 2017.

Students must accept the Perkins Loan on the award offer, complete all paperwork connected to the MPN, and have the MPN paperwork received by Monday, September 18, 2017, at 5 p.m. or risk not being able to receive a Perkins Loan.

* You will need Adobe Acrobat Reader, a free download; the form becomes fillable if you open the link as an Acrobat file v. a web page.

ingot
mcmicken hall

Federal loans all use Master Promissory Notes (MPNs). These open-ended loan documents allow multiple year borrowing for that individual loan program.

If a Master Promissory Note has a disbursed loan attached to it within a year of signing by the borrower, it is then active for 10 years of borrowing thereby making the aid process much easier in subsequent years.

Remember, while the promissory note allows for multiple years, the FAFSA must be completed each year as soon as possible.

______________

The former Federal Perkins Loan Program ended on 9/30/15 with Congress failing to extend the program past its sunset provisions.

The Federal Perkins Loan Program Extension Act of 2015, enacted December 2015, extended the Perkins Loan Program with new provisions through September 2017.

Timeframes to verify data and complete federally required holds before disbursing funds create a 9/18/17 deadline for students to meet for Perkins eligibility.

______________