A Master Promissory Note (MPN) is an agreement between you and the government to repay your debt. You agree to only use loan funds for authorized academic expenses when you sign an MPN. If you ...

A promissory note formalizes a loan agreement. In the mortgage world ... Secured promissory notes are backed by collateral, like a car or house. The lender can seize this collateral if the ...

or PLUS loans. A promissory note is your "I owe you" contract-think of it as your handshake with the lender, locking in your commitment to pay back the principal, plus interest, on a set schedule.

You are able to opt out of signing the Promissory Note at any time by either selecting "cancel" on the screen or escaping out of the website. In addition, you can cancel the pending Direct Student ...

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 ...