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Federal Stafford Loan Master Promissory Note (MPN) (continued) Governing Law The terms of this MPN will be interpreted in accordance with the Higher Education Act of 1965, as amended (20 U.S.C. 1070
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Gather necessary documents such as your Social Security number, driver's license, and previous year's tax returns.
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Indicate your school and program of study, along with the desired loan amount.
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The Federal Stafford Loan Master Promissory Note (MPN) is a legal document in which the borrower promises to repay their federal student loan and any accrued interest and fees to the lender or loan servicer.
Any student who wants to receive a federal Stafford loan must complete a Master Promissory Note (MPN) to establish a legal obligation to repay the loan.
To fill out a Federal Stafford Loan Master Promissory Note, students can usually do so online through their school's financial aid office or through the federal student aid website.
The purpose of the Federal Stafford Loan Master Promissory Note is to establish the terms and conditions of the loan, including the amount borrowed, interest rate, repayment options, and borrower rights and responsibilities.
The Federal Stafford Loan Master Promissory Note requires borrowers to provide personal information, including their Social Security number, contact information, and financial details such as income and assets.
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