<p>I am about to sign my MPN for college and want to know what “I authorize my school to pay ED any refund that may be due up to the full amount of the loan” This has nothng to do with loan balances after tuition is paid does it?? Or does it mean they refund what balance is left over after tuition and everything is paid, hope I don’t sound silly, but returning t o school after 20 years.</p>
<p>That basically means that if you no longer qualify for the loan amount (withdraw, change in efc etc.) the school will send back the funds you do not qualify for. It does not mean you will be unable to borrow beyond the cost of tuition.</p>