Why I love the Direct Loan MPN

Students, parents, and even Financial Aid Officers can learn everything they need to know about the terms and conditions of federal student loans, right on the Master Promissory Note and accompanying disclosures that borrowers sign when they apply. The Direct Loan Entrance Counseling guides that are provided by Federal Student Aid do a great job of summarizing the essential points of student loan borrower rights and responsibilities.

When students are equipped with these basics, they can borrow wisely and that’s the real foundation of establishing a healthy credit history and learning good debt management practices.