<p>I have not signed the master promissory loan because my father has been laid off and we will not be attending. So, in other words, does not signing it mean that the loan will not be handed and I thus have no responsibility to repay since I won't be using it because I won't attend?</p>
<p>I’m sorry about your dad’s job loss, and I hope he can find a new position soon.
If you don’t sign the master promissory note, the loan should not disburse.</p>
<p>Please be sure to let the college know that you will not be attending. It is possible (not highly likely, but possible) that the financial aid office might be able to provide some extra assistance for you. In the event that postponing college is still a better plan, letting them know prevents other charges from building up, and possibly allows the college to find another student to fill your slot.</p>
<p>The college might be willing to defer your admission for a year while you see if your family’s financial position is better. </p>
<p>Good luck.</p>
<p>The loan should not be issued if you didn’t sign the MPN but sometimes mistakes happen. Definitely contact the college to let them know you won’t be attending or to ask for more $.</p>
<p>@Erin’s Dad Thanks! I haven’t signed it. I will contact the school</p>
<p>Also, if you are registered for classes, be sure to confirm that all classes are dropped. I have worked with more than a few students who thought that telling financial aid they weren’t attending was a formal notification. They didn’t formally drop classes and ended up owing a whole lot of money.</p>
<p>Ok, thanks. I have not registered for any classes, but I will make sure</p>