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.