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Campus Partners

How to Use iPromise-New!


Just in time for the mandatory use of the Federal Perkins Master Promissory Note, Campus Partners is introducing iPROMise, our new Web-based Promissory Note management tool. With iPROMise, your borrowers can complete their entrance interview and e-sign their Master Prom Note on-line, relieving you of some of the time-consuming tasks involved with awarding Federal Perkins loans.

How iPROMise Works
iPROMise provides your awarded student with Entrance Counseling, the Loan Interview, and the Federal Perkins Master Promissory Note (MPN) via a Web site. Here are the steps that help your students complete the entrance interview process quickly and conveniently:

  1. First, your students will complete an entrance counseling session on-line.
  2. Then, if they desire to continue to the MPN, they will be required to register to use the site.
  3. The registration will match your students with their award as reported by your school.
  4. Next, your students must complete the loan interview.
  5. After completing it, they will be presented with the MPN and accompanying Truth-in-Lending disclosure.
  6. Students desiring to electronically sign their MPN can do so using their FSA PIN number.
  7. The MPN can also be printed by the student and ‘wet signed’ and returned to their school.
  8. The student can return to the Web site at a later date and view their MPN and disclosure and their current Loan Interview.

Notifications to the awarded students of the availability of their MPN via the Web is an additional optional service. This notification will include instructions for accessing the Web site. The notification can be sent to the awarded student via e-mail or letter. The cost of the notification depends on the method of notification.

Participating schools are notified of all activity by their awarded students on a daily basis. The MPN, with or without the electronic signature, accompanying disclosure statement, and completed Loan Interview are also available to the school for printing from the Web site. Portfolio level reporting is also available.

How to Get Started
To use iPROMise, the school must contract with Campus Partners for this optional service. Customers using iPROMise must provide Federal Perkins award files to Campus Partners via FTP. These file(s), which will contain information regarding the students and their awards, will be loaded into the iPROMise system where

they will be available for student access.

Additionally, you need access to the Internet and an ID and password. If you don’t have an ID and password assigned by Campus Partners just download a System 3i Access Authorization Form from our Web site. Complete and return the form to our office, and we’ll assign your ID and password within 2-3 business days.

   This month's "How-To" is available in PDF format.