what document explains your rights and responsibilities as a federal student loan borrower??

best answer
The Master Promissory Note is a binding authoritative document that you should sign before you might get a government student loan. There is one MPN for Direct Subsidized/Unsubsidized Loans and an alternate MPN for Direct PLUS Loans. The MPN can be utilized to make at least one loan for at least one academic year (for as long as 10 years).