Recession Story pt 9-Student Loans-Student Debt-Urban Fiction

A audio book about a college grad who cannot find a job during the recession, so he uses his education to crimes.

Question by ZJP: How do I fill out a Promissory note for a Stafford Loan?
I’m looking at my student aid requirements, and I need to fill out an MPN for my Stafford loan. My Mom already did one for the Direct PLUS loan, so… dwhen I go to the Website for the MPN< do I choose "Fill out new MPN for a student loan"?

Best answer:

Answer by ted_zoromski
I just signed up for college and my enrollment couselor told me when I signed my FAFSA electronically-I acknowlege that I just automatically signed on the dotted line for any loans I get. I was given the paperwork for the stafford loan for my review and was told not to sign it or send it in-the school will try to get me the loans I qualify for and the total amount from all the loans I get toward college tuition is pulled together as 1 big lump sum-so when it comes to paying the loans back-its one payment made per month the the DOE which spreads it out to each lender. Lets say I get full funding plus extra for my student expenses,books,pencils, paper ect ect-to the amount of $ 16,500. I then pay 389 back per month after college-that 389 get divided up and paid through DOE to all my lenders. You will have to call your Financial Aid department of your college to find out more.

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