St. Ambrose University | Davenport, Iowa

Federal Stafford Loan

Are you a First time Borrower or need to choose a new lender? Click Yes or No

As a first time borrower or if you are choosing a new lender, you will be required to complete a Federal Stafford Master Promissory Note (MPN). The MPN will be used for all Federal Stafford Subsidized and/or Unsubsidized Loans that you may borrower for the next 10 years. This alleviates you from having to fill out a new MPN each academic year.

When completing your MPN, you will be asked to select a lender or bank, to process your loan. We will try to work with any lender you choose. We have listed a few of the most popular lender choices of our students below. You can click on to complete an online MPN. All these lenders offer the same fixed federal interest rate of 6.0% for Subsidized Loans and 6.8% for Unsubsidized Loans, similar repayment benefits, and good customer service. St. Ambrose University is in no way affiliated with any of these lenders.

Ascentra Credit Union

American Bank & Trust

* If the lender you wish to use is not on the list, contact them to be sure that they participate in the Federal Stafford Loan program. If they do, you can complete a blank MPN at the link below. It is an interactive form, so you can fill it out, print it, sign it, and mail it to our office. Be sure to include your lender choice and their lender code - if this is incomplete, the note will be returned to you. Please only send the actual MPN. We do not require all the additional instructional pages. You may keep those, as well as a copy of your MPN, for your records.

Blank MPN

Please mail your MPN to:

St. Ambrose University

Financial Aid Office

518 W Locust

Davenport, IA 52803

Once you have completed the MPN, be sure to come back and complete your Loan Entrance Counseling if you have not already done so. Loan Entrance Counseling is a federal requirement and must be completed before your loan funds will be released to your student account.

If you have previously borrowed a Federal Stafford Loan and completed an MPN at another institution, you do not have to complete a new MPN. Simply contact our office and let us know who your previous lender was. If you can't remember, you will need to contact the company who is servicing your loan. To find this information, use your federal PIN number to log onto the National Student Loan Data System - NSLDS

Once you know who your previous lender is, let us know and we can process your federal loan here at St. Ambrose through this same lender. It will save you time and paperwork.

However, if you borrowed through the William D. Ford Direct Loan Program, we will not be able to process your Stafford Loan with them. Direct Loans are the same type of federal loan as a Stafford Loan, but they are processed in a different manner. Federal Stafford Loans require a lender and servicer to process the loan, unlike the Direct Loan which is processed directly through the Department of Education. Please return to the top of this page to learn more.

*If you borrowed a Federal Stafford Loan at St. Ambrose University in a previous year, then you do not need to continue. We will process your loan with the lender that you used previously.

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