Promissory Notes
If you accept a loan award, a promissory note is required. A promissory note is a legal and binding contract of your promise to repay the loan according to the terms listed on the note. The promissory note gives details on the loan amount, interest, and repayment terms. Promissory notes are accessed online; however, paper promissory notes are available by contacting One Stop Student Services.
For some loans you will complete a master promissory note which is good for one or more loans for one or more academic years. Other loans require a new promissory note for each loan. Be sure to check your University e-mail account and follow the instructions you receive to complete your promissory note(s). Your loan funds will not be disbursed until your submitted loan documents are confirmed by the University of Minnesota's Office of Student Finance (OSF).
