There should also be a payment schedule detailing the frequency ... The easiest option is to use an online promissory note ...

The author and editors take ultimate responsibility for the content. A promissory note is a financial and legal instrument through which one party agrees (or promises) to pay another party a sum ...

A Master Promissory Note (MPN) is an agreement between you ... you'll default on most federal student loans if you have not made a payment in more than 270 days. Defaulting on a federal loan ...