Loan Promissory Notes
Federal Master Promissory Notes
A master promissory note (MPN) is a legal document that contains the borrower’s rights and responsibilities, as well as the terms and conditions for repayment. Direct PLUS and Direct Unsubsidized loans have different MPNs. An MPN can also be good for up to 10 years. You are not required to complete an MPN each year unless your Graduate PLUS loan requires an endorser, in which case a new MPN is required for each new PLUS Loan borrowed. The following federal loan programs require that an MPN be completed to receive loan funds:
Note: A separate promissory note or MPN must be completed for each type of loan you wish to receive.
*If you don't plan to borrow a federal direct loan in the 2025-26 academic year, you can learn how to decline a loan.
ECSI Loan Servicing and Institutional Promissory Notes
Loyola University Chicago is pleased to have Heartland Educational Computer Systems, Inc. (ECSI) handle the billing and customer service of some of your student loans, including Nursing and other Loyola-based student loans. Heartland ECSI is a billing service for the university, not a collection agency.
Before you can receive any funds from a loan, you must complete a promissory note. A promissory note is your legal commitment to repay the loan funds, any accrued interest, and fees to the lender of the loan.
How to Log in to ECSI
School Code: N9
Account Number: Social Security Number
Password: The 5-digit PIN is located at the bottom of your billing statement. If you do not have your PIN, please contact ECSI at (888) 549-3274.
How to Find Loan Information
You can access your loan information through your ECSI service online account.
When you log in to your account, you can:
- Make credit card and automatic check payments
- Verify when payments have been received
- Enroll in electronic billing
- Update address and telephone information
- Obtain loan payoff amounts
- Download forms to request a forbearance or deferment on your account
Payment Information
ECSI bills on the 15th of every month, and payment is due the 1st of the following month. Payments should be sent directly to ECSI. To properly credit your loan account, loan payments are not accepted at the Office of the Bursar.
Check and money order payments must be made payable to Loyola University Chicago. Send payments to:
Loyola University Chicago
C/O Educational Computer Systems, Inc.
100 Global View Drive
Warrendale, PA 15086
Make sure to enclose the stub found at the bottom of your statement. Please include the borrower's account number on the check to ensure the payment is posted to the correct account.
If you have questions, please contact ECSI at (888) 549-3274.