Multi-Year Stafford MPN Training for Two-Year and Proprietary Schools

    The Utah Higher Education Assistance Authority (UHEAA) announces a training workshop to assist newly-authorized two-year and proprietary schools which wish to implement the recently approved expanded usage of the multi-year feature of the Stafford Master Promissory Note (MPN).  (See Note 1 below.)  Training will cover the steps a school must take in order to utilize the multi-year feature of the Stafford MPN and a question and answer period.  Please note the following time and location for this workshop.
 

Date:	Friday, April 11, 2003
Time:	10:30 a.m. to 12:30 p.m.
Place:	UHEAA Offices Board of Regents Building, The Gateway 60 S 400 W, 5th Floor Conf. Room Salt Lake City, Utah

      Lunch will be provided as well as parking validations in the Gateway parking structure.  If you drive and use the Gateway parking please enter the Winter Parking garage from either 400 West or 100 South streets.

    Please RSVP to Stacey Fabros by e-mail at sfabros@utahsbr.edu or by calling 801.321.7211.  Include the names of those persons attending from your institution.

    Any questions related to this Bulletin should be directed to the UHEAA Policy and Training Department at 801.321.7166 or by e-mail at mjohnson@utahsbr.edu.

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Note 1.  The U. S. Department of Education (ED) recently approved the use of the multi-year (serial) feature of the Stafford Master Promissory Note (MPN) for all schools in the United States that participate in the Federal Family Education Loan and Federal Direct Loan programs.  This new authority allows any U.S. school, unless otherwise notified by ED, to certify multiple loans for a borrower under one MPN.  In general, only four-year and graduate/professional schools were previously authorized to use the serial feature.