Many students need to take out federal student loans to afford college, and in doing so will have to sign a binding legal agreement called a Master Promissory Note. But don't sign it without ...

while a Master Promissory Note is used for federal student loans. These are some common promissory note types: A real estate promissory note is a legally binding document that outlines a borrower ...

All students who have borrowed through the Federal Direct Loan program must complete loan counseling at StudentAid.gov. A Master Promissory Note (MPN) is required for all first-time Federal Direct ...

A separate application is required for each student for whom money is being requested. If the loan is approved, the parent may also need to complete a promissory note. If one is required, the ...