Determining a Valid Perkins MPN

The Perkins eMPN self-service process, print Perkins MPN process, and disbursement authorization process all need to determine whether a student who is awarded a financial aid item type with the MPN required flag has a valid Perkins MPN on file to proceed. Each process determines whether a valid Perkins MPN is on file for the student by first checking for the type of MPN. If it is a multi-year note or an annual note, and is signed and not expired, the process determines that a valid MPN exists. If it is a multi-year or annual note and is signed but expired, the process determines that a valid MPN does not exist and proceeds appropriately. The expiration date is based on any one of the following:

• The date that the institution receives the borrower's written request for no additional MPN loans.

• Twelve months after the signature date if no disbursements were made under that MPN.

• Ten years after the signature date or the date of institution's receipt of MPN.