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Author Topic: Master Promissory Note  (Read 933 times)

thedudebro

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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?

The Poster

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Re: Master Promissory Note
« Reply #1 on: June 18, 2007, 05:32:46 PM »

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

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Re: Master Promissory Note
« Reply #2 on: June 18, 2007, 08:33:08 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.

promissory

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Re: Master Promissory Note
« Reply #3 on: July 29, 2010, 04:01:59 AM »
Great informative. Many thanks.  8)

Morten Lund

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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.