Bulletin ID
DLB - 97 - 45
| PublicationDate: 11/1/97 BulletinID: DLB - 97 - 45 November 1997 DLB-97-45 SUBJECT: Direct PLUS Loan Repayment Chart Dear Colleague: We are pleased to announce that a new publication, the Direct PLUS Loan Repayment Chart, is available for distribution. The Direct PLUS Loan Repayment Chart allows parents to see at a glance approximately how much they would repay--per month and in total--under the three repayment plans that are available to PLUS borrowers. Payment amounts are based on the maximum PLUS Loan interest rate, and are provided for debt levels ranging from $2,500 to $150,000. In addition, the chart includes a summary of the Standard, Extended, and Graduated repayment plans. A copy of the chart is enclosed with this bulletin. To order the Direct PLUS Loan Repayment Chart, please call the Loan Origination Center at 1/800/848-0978, or use the order form included with the mailed version of this bulletin. You should receive your materials within two weeks of placing your order. The repayment chart will be available in the near future on the Direct Loan website at http://www.ed.gov/DirectLoan. We hope you will find the Direct PLUS Loan Repayment Chart to be helpful. Thank you for your continued support of the Direct Loan Program. Sincerely, Joe L. McCormick Chair Direct Loan Task Force Attachment |