E-SIGNATURE & MASTER PROMISSORY NOTE FOR DIRECT STUDENT LOANS
Beginning with the 2003-2004 academic year, MCC will begin implementing the Electronic Signature and Master Promissory Note process for students receiving a Federal Direct Student Loan.
With the Electronic Signature, students will no longer be required to sign a paper promissory note. Instead, students will have the option be to sign their Federal Direct Loan promissory note online, using their Federal PIN.
In addition, the Master Promissory Note is a new process in which student loan recipients will be required to sign a promissory note only once, for any loans they borrow while attending MCC.
Specific details regarding the E-Signature and the Master Promissory Note processes will be announced later this year.
Mark Schwartz Financial Aid Office 03/14/2003 |