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Explanation:
the master promissory note is document that explains your rights and responsibilities as a federal student loan borrower.
The document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
Mastery Promissory Note (MPN) is a document that contains the rights and responsibilities of an individual getting a federal student loan.
Generally, students are expected to sign this document after getting a federal student loan.
It serves as a legally binding agreement that the student will pay back their loan.
Hence, in this case, it is concluded that the document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
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