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Federal Direct Parent PLUS Loan. Federal laws need borrowers of the Federal Direct Loan to perform a Master Promissory Note

Federal Direct Parent PLUS Loan. Federal laws need borrowers of the Federal Direct Loan to perform a Master Promissory Note

Master Promissory Note

Federal laws require borrowers of a Federal Direct Loan to perform a Master Promissory Note (MPN). This promissory note is your promise to settle the mortgage underneath the terms detailed within it. Ahead of the workplace of school funding has the capacity to disburse loan funds, it must have record you accepted that you have completed an MPN for each type of loan.