
Navigating the world of student loans can feel overwhelming, but understanding the Master Promissory Note (MPN) is a crucial first step towards financial responsibility. This document, essentially a contract between you and the federal government, Artikels the terms and conditions of your student loan(s). It details everything from repayment plans and interest accrual to the serious consequences of default. This guide will demystify the MPN, empowering you to make informed decisions about your educational financing. From signing your first MPN to understanding the nuances of repayment options and the potential pitfalls of default, we’ll cover the essential aspects of this Read More …