When borrowing through the Federal Perkins Loan program, you must sign a Master Promissory Note (MPN) agreeing to pay back the loan, with interest, according to the terms of the program.
You will be sent an email notification after you arrive at Drew with instructions.
Your MPN will be attached to the notification email. Please print out, complete and sign it and deliver it to the Business Office as soon as possible. If you are a returning borrower, you will sign your TIL statement in the office as well.
Your Truth-in Lending (TIL) Statement will be ready for you to sign once you have received the email to visit the Business Office to deliver your MPN. This form details the amount borrowed for the current academic year, cumulative amounts borrowed and annual percentage rate for the loan.
Once the MPN is completed and returned and the TIL Statement has been signed, the loan may be disbursed to the borrower’s account.
If you have any questions during this process please contact the Perkins Loan Representative at firstname.lastname@example.org.