Keyword Analysis & Research: student aid mpn

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What does MPN stand for in student?

MPN for Undergraduates | Federal Student Aid Master Promissory Note (MPN) for Undergraduate Students The MPN for Direct Subsidized Loans and Direct Unsubsidized Loans is a legal document in which you promise to repay your loan (s) and any accrued interest and fees to the U.S. Department of Education.

What are the types of Student Aid?

There are three types of federal student aid: grants, work-study and loans. Grants are a type of financial aid that does not have to be repaid. There are five types of federal student aid grants. Work-Study provides part-time employment while you are enrolled in school so that you can help pay your educational expenses.

What is the maximum amount of Federal Student Aid?

The maximum Federal Pell Grant Award (which is the main grant for college undergraduates through the FAFSA®) for the 2020-21 award year is $6,345. Schools may offer less than the full amount depending on the student's need or academic load. The Federal Pell Grant is one of the most common forms of federal financial aid given your EFC.

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