Fafsa Loan Agreement

They must be registered at least mid-term for the semester in federal courses and assistance courses for loans that can be made as payment. For federal Direct Subsidized and unubsidized loans is the student of loan borrowers. This means that the student is responsible for: See our subsidized and non-subsidized FAQ page, such as the difference between a subsidized and non-subsidized loan, how much can be borrowed each year, interest rates, additional credit charges, and who to contact for your credit information. The MPN is an agreement to repay your direct loans with interest and accrued fees. It also explains the terms of your credits. Credit assets can only be paid into your student account when all conditions are met. If a federal direct loan is offered as part of your financial assistance offer, you must sign a Master Promissory Note (MPN) before you can obtain direct loans. If you are having technical difficulties in signing the NMP, please contact the U.S. Department of Education`s Loan Student Assistance Centre at 800-557-7394.