Financial Aid Office

Master Promissory Note

The Master Promissory Note is a contract with your lender and is mandatory when borrowing from a Federal Stafford Loan. It is the most important loan document you need to complete. By signing the Master Promissory Note, you are agreeing to repay the money that you borrow and abide by all the terms associated with the loan. The Master Promissory Note gives you specific information about your rights and responsibilities as a borrower. You should always keep a copy for your records.

Complete Master Promisory Note

You can complete the Master Promissory Note online.


The Master Promissory Note can be used for up to 10 years of borrowing at Cleveland State. If no loan is funded within 12 months of the original borrower signature date, a new Master Promissory Note will be required. If you transfer to another school, you may have to complete a new Master Promissory Note. You may also have to complete a new Master Promissory Note if you have changed lenders and/or guarantors while at Cleveland State.

Keep Track of Student Loan Debt

A Plain Language Disclosure will be provided to you whenever a loan is made under your Master Promissory Note. It contains all of the key loan information - including loan date and amount - and will help you keep track of your student loan debt. Be sure to keep a file of all disclosure statements that you receive. You may also visit the National Student Loan Database to view your loan history and access the Repayment Plans and Calculators to determine your minimum monthly payment upon graduation.