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Master Promissory Note document explains your rights and responsibilities as a federal student loan.
What is Master Promissory Note?
An MPN is a legal instrument that outlines the borrower's rights and responsibilities as well as the repayment terms and conditions. The MPNs for Direct PLUS and Direct Subsidized / Unsubsidized loans are different.
The references should be persons who can help us contact you in the future if we can't reach you. References are only used for this purpose, and you will never be compelled to return your loan.
The full MPN process must be done in a single session, so make sure you have plenty of time before beginning. Each MPN takes about 30 minutes to finish.
By going to studentloans.gov and inputting your FSA ID, you can obtain a copy of your Master Promissory Notes.
To know more about Master Promissory Note follow the link:
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