Alright. I'd also like to know about Master Promissory Note (MPN). Can you please explain to me what is a Master Promissory Note and where is it used for?
A Master Promissory Note or MPN is a legal document in which you promise to repay your loan and any accrued interest and fees to the U.S. Department of Education.
I see what you mean. And what do I do now that I've heard everything there is to know about the type of aid I want to accept?
Then you should decide what aid you really need, and then respond to the school's aid offer within the deadline set by the school.