Posted Date:August 3, 2011
|Author:||William Leith, Service Director, Program Management, Federal Student Aid|
Subject: Revised Master Promissory Note for Direct PLUS Loans
We are pleased to announce the availability of a revised Federal Direct PLUS Loan Application and Master Promissory Note (Direct PLUS Loan MPN). In addition, we are now offering the Direct PLUS Loan MPN in Spanish. Detailed implementation guidance for schools that will print the revised Direct PLUS Loan MPN is attached to this announcement.
Revised Direct PLUS Loan MPN
The Office of Management and Budget (OMB) has approved a revised Direct PLUS Loan MPN under OMB Control Number 1845-0068. English and Spanish versions of the revised Direct PLUS Loan MPN are available for bulk order and have an expiration date of 11/30/2013.
English and Spanish versions of the revised Direct PLUS Loan MPN were implemented in the Common Origination and Disbursement (COD) System and the StudentLoans.gov Web site on July 9, 2011.
Plain Language Disclosure (PLD)—The PLD for Direct PLUS Loans has also been revised to reflect all changes that are included in the revised Direct PLUS Loan MPN. English and Spanish versions of the Direct PLUS Loan PLD are available for bulk order.
English and Spanish versions of the revised Direct PLUS Loan Disclosure Statement and PLD were implemented in the COD System on July 9, 2011.
If you have questions about the information in this announcement, contact the COD School Relations Center at 800/848-0978. You may e-mail CODSupport@acs-inc.com.