Federal Direct Parent PLUS Loan. Federal laws need borrowers of a Federal Direct Loan to perform a Master Promissory Note
Master Promissory Note
Federal laws need borrowers of the Federal Direct Loan to perform a Master Promissory Note (MPN). This note that is promissory your vow to settle the loan underneath the terms detailed within it. Before the workplace of school funding has the capacity to disburse loan funds, it should have record you accepted that you have completed an MPN for each type of loan.
You must complete Entrance Counseling to be informed of your rights and responsibilities if you are a first-time Direct Loan borrower at Barton College. Federal Direct Loan counseling is performed on the net. Loan funds may not be disbursed until guidance is finished. For first-time borrowers on or after July 1, 2013, 150% Direct Subsidized Loan limitations use.