TG

The Guarantor of Choice SM

Stafford Master Promissory Note

A student completes the Stafford Loan Master Promissory Note (Stafford MPN) to obtain funds to help pay for his or her postsecondary educational expenses.

The Higher Education Reconciliation Act of 2005 (HERA) and the College Cost Reduction and Access Act of 2007 (CCRAA) changed some of the terms of a Federal Stafford Loan. As a result, the Federal Stafford Loan Master Promissory (Stafford MPN) the borrower completes to secure funds for his or her postsecondary educational expenses is incomplete. Until new forms can be developed and approved, the U.S. Department of Education has provided an Addendum to the Federal Stafford MPN — which is to be used in conjunction with the Stafford MPN — that explains the new provisions of the law.

Stafford MPN Forms
The Addendum to the Federal Stafford MPN explains new requirements, new rights, and new terms of Federal Stafford Loans. The effective dates are not the same for every provision; therefore, special attention should be paid to the effective date for each applicable change listed in the Addendum.

The Stafford MPN collects information needed to process the loan and a promissory note to secure the debt. It also provides the borrower with instructions for completing the form, important information regarding the borrower's rights and responsibilities, and an overview of the loan process.

The Stafford School Certification is completed by an authorized school official. The official certifies the borrower's eligibility for the loan.

TG Stafford Loan MPN Wrap
This wrap describes the Stafford MPN process to borrowers. Designed to fold around the Stafford MPN, TG's wrap is also a good resource for schools to use in providing Stafford MPN information in entrance counseling.

Plain Language Disclosure
The Plain Language Disclosure (PLD) has been updated to include provisions of the Higher Education Reconciliation Act of 2005 (HERA) and the College Cost Reduction Access Act of 2007 (CCRAA) as well as key points that borrowers should be aware of as they borrow subsequent loans under a Stafford MPN. The PLD should be provided to subsequent borrowers of Stafford Loans (those who have already signed an MPN, received a loan, and are borrowing again) as well as first time borrowers whose loans were disbursed on or after October 1, 2007, but before the revised PLD was approved and available. These borrowers do not currently have a second or subsequent loan but received the prior addendum when their loans were disbursed. Most entities provide the PLD on the reverse side of, or as an enclosure with, their Notice of Guarantee (NOG)/Disclosure.

Stafford MPN Resources

Forms on this page require Adobe Acrobat Reader to view and print. For an important notice and further information, please visit our PDF Help Page.

Back to Top

To order printed forms, brochures, publications, and other materials from TG, visit TG's Online Ordering system.

 

© 2008 Texas Guaranteed Student Loan Corporation