| What are
the advantages of completing a Federal Direct Loan Master
Promissory Note (MPN) electronically?
Completing an electronic MPN allows the
student to receive federal loan funds very quickly.
If a paper MPN is requested and completed by a student
or parent, the disbursement of funds is delayed until
the U.S. Department of Education receives and acknowledges
the receipt of the paper MPN. The paper MPN process
can delay the disbursement of funds up to two weeks
from the point in which Miami University receives the
completed MPN from the student or parent. Because of
this delay in disbursement, Miami University recommends
the electronic MPN process which can be completed at
www.muohio.edu/loans.
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