If you sign the Master promissory Note saying you will pay back the stafford loans for one school, but then get off the waitlist at another school, could you cancel that master promissory note for the old school and sign a new one at the new school.
Hello mpp. So do you recommend signing the MPN now for the first school, and then if I get into the other one, I can just cancel it and sign a new on? Thanks.mpp said:Of course. And if not, you could just pay back the original loan and get a new one.
Good idea. Thanks mpp.mpp said:Sure, that should work. Or see if there is a deadline for the first school. This way you won't have to sign anything until the deadline. You usually don't get to see any of that money until after school starts anway.