However, our opinions are our own. See how we rate student loans to write unbiased product reviews. A Master Promissory Note (MPN) is an agreement between you and the government to repay your debt.

Pursuant to the Promissory Note, the Subsidiary and the Lender have agreed to a term of 90 days, at an annual interest rate of 8%. The Subsidiary may prepay the principal amount of the Promissory ...