Understanding a Master Loan Promissory Note Video

Understanding a Master Loan Promissory Note

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Understanding a Master Loan Promissory Note -

In this video, Mr. Barnett reviews some important aspects on managing your money in college, like what is a...

Understanding a Master Loan Promissory Note -

In this video, Mr. Barnett reviews some important aspects on managing your money in college, like what is a master loan promissory note

Added: 8/3/09

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Understanding a Master Loan Promissory Note financial aid how to get a scholarship managing college budget master loan promissory note monkeysee mr. barnett personal finance

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Understanding a Master Loan Promissory Note

Host: What is a Master Loan Promissory Note? Brad Barnett: When you apply for Federal Student Loans, you have to complete a Master Loan Promissory Note. This is, think of it from a perspective, if you had a house loan or a car loan or any stype of loan you take out, you have to sign a promissory note. It tells you what your rights and responsibilities are, tells you this is a loan and you do have to repay it. The same thing is true with federal loans, you need to submit and complete a Master Loan Promissory Note when you first start taking out your loans

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Host: What is a Master Loan Promissory Note?
Brad Barnett: When you apply for Federal Student Loans, you have to complete a Master Loan Promissory Note. This is, think of it from a perspective, if you had a house loan or a car loan or any stype of loan you take out, you have to sign a promissory note. It tells you what your rights and responsibilities are, tells you this is a loan and you do have to repay it. The same thing is true with federal loans, you need to submit and complete a Master Loan Promissory Note when you first start taking out your loans

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