Campus-based Loans:
Before you receive your Federal Perkins loan, Health Profession Student Loan, Loan for Disadvantaged Students or any Institutional Loan, you must sign authorize the University of Southern California to credit the funds to your student account by electronically signing a Master Promissory Note (MPN). The University has partnered with ECSI to help us with this process (ECSI is currently servicing these loans). An email* will be sent to your official USC email address (ends in '@usc.edu) with instructions on how to accept and sign for these loans electronically (note: you will need your FAFSA pin to complete the process).
This procedure (E-signature) will not be implemented on Institutional Loans. A paper promissory note will still be required every semester, for accepting and disbursing Institutional Loans.
Under the Federal Perkins Loan Program, borrowers are no longer required to sign a separate promissory note for each new loan borrowed. This new note is called a Master Promissory Note (MPN) and will be good for all Perkins Loans at USC. You only need to sign it (or e-sign it) once.
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