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Master Promissory Note
(MPN)
A common form that allows a parent or student borrower to receive loans for either a single academic year or multiple academic years.
Please note
: the parent borrower must complete a separate PLUS MPN for each dependent student for whom he or she wishes to borrow.
Multiple Disbursement
The disbursement of a loan in more than one pre-designated installment.
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Federal Consolidation Loan
