NEW DIRECT LOAN MPN

The Office of Management and Budget (OMB) has approved a revised Direct Subsidized/Unsubsidized Loan MPN and a revised Direct PLUS Loan MPN (for parent borrowers and graduate/professional student borrowers). The new expiration date for both MPNs is 04/30/2019.Paper English versions of the revised MPNs are available for bulk order from the FSAPubs website. Spanish versions of the revised MPNs are only available for borrowers to complete electronically on the StudentLoans.gov website. The Plain Language Disclosures for Direct Subsidized/Unsubsidized and Direct PLUS Loans have also been revised to reflect all changes that are included in the revised MPNs. Schools that provide paper MPNs and PLDs to borrowers must begin using the new versions as soon as practical, but no later than March 24, 2017. After that date previous versions of each MPN will be rejected by the Department. EDExpress print functionality for the MPN, MPN Manifest, and Disclosure Statement is being discontinued. Beginning with this revision to the MPNs, EDExpress will no longer be updated to print the latest revisions to the Direct Subsidized/Unsubsidized Loan MPNs and Direct PLUS Loan MPNs, as well as the disclosure statement documents. http://bit.ly/2hN5iO2