Question About Signing Promissory Notes

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
User avatar
kalvano
Posts: 11725
Joined: Mon Sep 07, 2009 2:24 am

Question About Signing Promissory Notes

Postby kalvano » Tue May 11, 2010 3:48 pm

I got an email from Wake with the link to the website where I have to do counseling (what a joke), and sign the notes. Also a form to fill out and email back about how much I want to borrow.

However, I am still not sure if I will be able to attend Wake. Should I go ahead and sign the notes, or wait?

andreea7
Posts: 142
Joined: Mon Feb 15, 2010 2:32 pm

Re: Question About Signing Promissory Notes

Postby andreea7 » Wed May 12, 2010 2:07 pm

kalvano wrote:I got an email from Wake with the link to the website where I have to do counseling (what a joke), and sign the notes. Also a form to fill out and email back about how much I want to borrow.

However, I am still not sure if I will be able to attend Wake. Should I go ahead and sign the notes, or wait?


Find out the deadline for doing the loan stuff and if you are not sure wait. At any rate, you can cancel the loans if I recall correctly. But also for the gradplus loans I believe the approval based on your credit check is valid only for a while. My school advised to wait applying for that loan until June 15.

User avatar
Bert
Posts: 458
Joined: Mon Mar 22, 2010 12:37 pm

Re: Question About Signing Promissory Notes

Postby Bert » Wed May 12, 2010 2:12 pm

kalvano wrote:I got an email from Wake with the link to the website where I have to do counseling (what a joke), and sign the notes. Also a form to fill out and email back about how much I want to borrow.

However, I am still not sure if I will be able to attend Wake. Should I go ahead and sign the notes, or wait?


I would hold off on actually signing the promissory notes until you are ready to commit to the school. If you need to, set up your counseling and set everything up, but I wouldn't sign the promissory notes until the last possible second.

wreckem
Posts: 94
Joined: Fri Oct 24, 2008 8:32 pm

Re: Question About Signing Promissory Notes

Postby wreckem » Wed May 12, 2010 7:53 pm

kalvano wrote:I got an email from Wake with the link to the website where I have to do counseling (what a joke), and sign the notes. Also a form to fill out and email back about how much I want to borrow.

However, I am still not sure if I will be able to attend Wake. Should I go ahead and sign the notes, or wait?


If you aren't sure you are going with Wake. Do NOT SIGN THE MPN. Wait until you decide. The loans will be there and disbursed to you in the same time frame either way. Signing and MPN and later changing your mind creates unnecessary work for you.

User avatar
kalvano
Posts: 11725
Joined: Mon Sep 07, 2009 2:24 am

Re: Question About Signing Promissory Notes

Postby kalvano » Wed May 12, 2010 8:12 pm

I'm definitely going to a school. I just didn't know if signing was school-specific or not.


Thanks.




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest