Setting Up Promissory Notes in Campus Community

Before using Master Promissory Notes (MPN) and Promissory Notes, you must complete setup procedures in PeopleSoft Campus Community and Financial Aid. The information in this section is specific to direct lending.

If you use the Create PNote Communication and Print Promissory Note processes, you can link a loan type to a specific document type.

If you have multiple loan types per loan program, you can have one checklist per loan type or you can have one checklist for all the loan types within a particular loan program.

Before setting up PeopleSoft Campus Community items for promissory notes, you should be familiar with and understand the 3Cs (communications, checklists, and comments), specifically checklists.

See Understanding the 3C Engine.

See Understanding Checklist Setup.

This table lists the items that you must create in PeopleSoft Campus Community before you can use Master Promissory Notes (MPN) and Promissory Notes in PeopleSoft Financial Aid.

Important! Schools can choose whether or not to use the Electronic Master Promissory Note (e-MPN) for their borrowers. If schools use the e-MPN, there is no need to print a paper version. If a borrower requests a paper MPN, the school has the option of having COD print and mail the MPN to the borrower. For more information,

See the U.S. Department of Education's Common Origination and Disbursement (COD) Technical Reference

Item	Direct Loan Information	Reference
Checklist Item	Create one checklist item code each for direct Stafford loan and direct PLUS loan type. Note: Be sure to use an effective date of 01/01/1900 for any rows you add.	See Defining Checklist Items.
Checklist Item Function	For the Administrative Function of `Loan,` insert a row for each of the checklist items that you created.	See Defining Checklist Items.
Checklist	Create one checklist each for direct Stafford loan and direct PLUS loans. Graduate PLUS loans can use the same elements as PLUS loans.	See Setting Up Checklist Templates
Checklist 3C Groups	Enter values in the Update/Inquiry Group. The Update/Inquiry Group values are user defined.	See Setting Up Checklist 3C Groups.
Communication Contexts	Set up a Communication Context for each checklist. Use these values: Method = `Document` Direction = `Outgoing` Letter Code = `Loan Promissory Notes.` Note: The letter code is defined on the Standard Letters page in Campus Community.select Set Up SACR, then select Common Definitions, then select Communications, then select Standard Letter Table CS.	See Defining Communication Contexts and Categories.
Communication Categories	Choose the Communication Category designated for promissory note processing. For example, PNT_08 (Pnotes for 2008). Use these values: Function = `Loan` Communication Context = Insert rows for each of the communication contexts that you created. Note: Be sure to use an effective date of 01/01/1900 for any rows that you add.	See Defining Communication Contexts and Categories.
Communication 3C Groups	Select the Communication Category that you set up for promissory notes. For example, PNT_08. For the 3C Update/Inquiry Group field, select the 3C group to which to give access for the selected communication category. This field is required for promissory note processing Warning! If you do not set security, users have access to the communication category and administrative function needed to run the promissory notes functionality.	See Defining 3C Groups.
Communication Speed Keys	Add new Communication Keys for MPN and PLUS loans. When adding the Communication Comm Keys, select `Loan` as the administrative function. Enter or select the values for each of the listed fields. Comm Key. Enter `MPN` for the MPN communication key, `PLUS` for the PLUS communication key. For Health, Perkins, and university/institutional loans, give each a unique communication key. Category. Enter the category you set up for MPN and PLUS loan communication categories. This value should match the name of the communication category that you set up previously. Context. Enter `MPN` for the MPN context field, `PLUS` for the PLUS context field. Method. Select the method to use to deliver the promissory note. This should match the method used when setting up the context. Direction. Select the direction, from your institution's point of view, that the promissory note is going. For example, outgoing refers to something sent out from your institution. This should match the method used when setting up the context. Letter Code. Select the appropriate letter code for the type of promissory note. You can have one letter code type for all loan type, for example, a letter code of LNS (loans).	See Defining Communication Speed Keys.