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Will I Need to Complete a Master Promissory Note Every Year for My Parent PLUS Loan?

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Functional GroupFinancial Aid
The Parent PLUS Loan Master Promissory Note is good for 10 years

Your parent will not have to complete another PLUS MPN at ASU unless they had to secure an endorser (i.e., co-signer). If your parent was approved for the PLUS with an endorser, they will need to complete a new PLUS MPN every year, including any increases to the PLUS Loan within the same academic year.

Related Article: How Do I Complete the Master Promissory Note?

Need additional help? Access 24/7 live chat, create a case from My ASU Service Center or call 855-278-5080.


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