<p>What is the difference between the two options:</p>
<p>Complete New MPN for Student Loans</p>
<p>vs </p>
<p>Complete New MPN for Parent PLUS Loans?</p>
<p>are they two different loans that correlate with, on my financial aid awards summary, the FED.DIR.LOAN-SUB1 FL and FED.PARENT LOAN PLUS1?</p>
<p>If the above is true, do I need to do the MPN for both>?</p>
<p>Thanks a bunch~</p>
<p>They are two different loan programs, one for the student and one for parents of students. Both are Direct. Guaranteed by taxpayers that the lenders will not lose a lot of money lending to you. </p>
<p>There will be two classes on student loans, one at orientation and one when you leave college. These two classes are VERY important and understanding of these two classes will either save you or haunt you. Be sure that you understand the conditions of these loans which you must sign off on, before the lenders will disburse to your school in your name (Stafford) and your parents (PLUS) name.</p>
<p>"MPN for Student Loans, " should actually be, ' Master Promissory Note for Student's Loan. "</p>
<p>"MPN for Parent PLUS Loans", should actually read, ' Master Promissory Note for Parent's Loan for Undergraduate Student'</p>
<p>Is a MPN needed for Perkins loans? If so, is it the same MPN I would sign for a Stafford loan?</p>
<p>^ I see you are planning to study business. </p>
<p>Q: "Is a MPN needed for Perkins loans? If so, is it the same MPN I would sign for a Stafford loan?" </p>
<p>A: Why do you ask?</p>
<p>I believe Perkins and Stafford are seperate MPN. </p>
<p>This was a question I was planning to ask at orientation yesterday, but I found out they took out our Perkins because D got a couple of outside scholarships that amounted to the same as the Perkins they were offering.</p>
<p>that are really important depends on the Honor of the Parties involved. Sometimes that Honor is besmudged and needs to be reinforced with a written contract that there will be no future misunderstanding. Each contract reguardless of name Stafford, Ford, Perkins, Pell, PLUS, DiscoverCard, MasterCard, Visa, autoloan, mortgage, Nonproliferation Treaty, marriage. Missile Defense, Trade Treaties, etc. will have a contract. Post alternation of these agreements have people in courts and Nations in war.</p>
<p>^ Ok...sure...
Thanks abasket!</p>