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<strong>Master Promissory Note (MPN)</strong> – A common form that allows a student or parent to borrow multiple loans for multiple academic years and providing repayment obigations information (rights and responsibilities). A signed borrower MPN is required before student loan funds can be disbursed to the school.
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McFadden Branch Banking Act 1927 (G2)<br />US federal statute which helped national banks to compete with state-chartered banks by allowing them the same power to open branches as the state banks in that area. An aim of the Act was to encourage banks to stay in the FEDERAL RESERVE SYSTEM.
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<strong>CB</strong> – The abbreviation for Campus-Based aid. Campus-based aid programs include Federal Work Study (FWS), the Federal Perkins Loan Program, and the Federal Supplemental Educational Opportunity Grant (FSEOG). “CB” also indicates a type of Dear Colleague Letter specifically addressing campus-based aid programs.
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