What is a master promissory note?

Answer Students or parents who borrow money from federal educational lenders must sign a master promissory note. This note includes the loan amount, interest rates, parties involved and loan repayment ter... Read More »

Top Q&A For: What is a master promissory note

How to Find the Master Promissory Note for Student Loans?

A Master Promissory Note (MPN) is a type of loan agreement for federal student loans, particularly Stafford loans. These are subsidized and unsubsidized student loans overseen by the federal govern... Read More »

Will not having an employer to put on a master promissory note make a difference?

Not on a student loan, I don't expect. They will more likely want to know your parents' occupation and financial status.I recall that my son sent me a CD of Beethoven's 9th along with his financial... Read More »

Is a promissory note a promissory estoppel?

Promissory estoppel is not a promissory note. Promissory estoppel occurs when a person relies on a promise and has an economic detriment due to the reliance on the promise. Due to the reliance on t... Read More »

What is a promissory note?

A promissory note is a promise to repay a debt, according to The note details the date that payments are due, along with specific terms agreed upon by the parties involved.The Basics... Read More »