To be eligible for a student loan, you need to enroll at least half-time in an accredited school, maintain satisfactory ...

The Type of Promissory Note For federal student loans, you may sign a contract called a Master Promissory Note, or MPN, that allows you to borrow more than one loan during a period of up to 10 years.

Entrance Counseling and Promissory Note Signing Entrance counseling is a federal and institutional requirement for all student loan borrowers. All first-time Stafford Loan and borrowers must complete ...

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.

Promissory Note: Will be emailed to co-maker, if any, for signature upon approval of application. Student signature is also required. If there is no co-maker, note is emailed to the student.

Grace period: Usually 6 months; refer to your promissory note. Repayment period: Usually 10 years; refer to your promissory note. Repayment: For borrowers that are affected by COVID -19, contact ...