Law School Discussion

Nine Years of Discussion
;
Discussion Discussion
Resources Resources
Pages: [1]

Author Topic: Master Promissory Note  (Read 739 times)

thedudebro

  • Full Member
  • ***
  • Posts: 43
    • View Profile
Master Promissory Note
« on: June 18, 2007, 05:29:59 PM »
Sallie Mae, Nellie Mae....does it matter? I'm just taking out $8500 in subsidized loans this year. Does it make sense to do a promissory note through a private company if only taking loans from the govt?
Logged

The Poster

  • LSD Obsessed
  • *****
  • Posts: 11956
    • Yahoo Instant Messenger - dontreallyknowmuch
    • View Profile
Re: Master Promissory Note
« Reply #1 on: June 18, 2007, 05:32:46 PM »

Logged
quote Stanley J. Watson III
you are doomed in the fated sense, but that's completely irrelevant because that's only from the viewpoint of someone who is not constrained by time. since you are temporal, for all intents and purposes you have the power to change your future

queencruella

  • Sr. Citizen
  • ****
  • Posts: 4213
    • View Profile
Re: Master Promissory Note
« Reply #2 on: June 18, 2007, 08:33:08 PM »
Quote from: sponger2004 on June 18, 2007, 05:29:59 PM
Sallie Mae, Nellie Mae....does it matter? I'm just taking out $8500 in subsidized loans this year. Does it make sense to do a promissory note through a private company if only taking loans from the govt?

Depends on your school- some are direct lenders while others will refer you to preferred private lenders from which you must choose one. Go check out your school's financial aid site to figure out what their process is.
Logged

promissory

  • Newbie
  • *
  • Posts: 1
    • View Profile
Re: Master Promissory Note
« Reply #3 on: July 29, 2010, 04:01:59 AM »
Great informative. Many thanks.  8)
Logged

Morten Lund

  • Sr. Citizen
  • ****
  • Posts: 259
    • View Profile
Re: Master Promissory Note
« Reply #4 on: July 29, 2010, 12:23:01 PM »
Check on the death effect of the loan.  Government loans generally expire upon your expiration, which amounts to free life insurance.  Private loans generally do not go away just because you do, which could leave your family with an unpleasant surprise.
Logged
Pages: [1]