Stafford eMPN References

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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Stafford eMPN References

Postby magp90 » Thu Feb 28, 2013 11:01 am

This is a silly question, but when we take out a Stafford Loan and have to fill out the Master Promissory Note, they ask for two references.

I know that they don't ask the references to pay on your behalf should you default (and that the references will only be contacted should the lender needs to find you), but are the references contacted at all when the MPN is submitted?

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d cooper

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Re: Stafford eMPN References

Postby d cooper » Thu Jun 19, 2014 4:11 pm

Curious about this as well.

Also, the form says "the first reference should be a parent or legal guardian." Is this really the case even if you're, say, 30?

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Re: Stafford eMPN References

Postby wealtheow » Wed Jun 25, 2014 10:16 am

The references are called only if you default on the loan and cannot be located/are ignoring the servicer. That's why they are asking for parents regardless of age - they're interested in references who will always know your contact information.

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