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(DLB - 97 - 46) PLUS Endorser Forms

Bulletin ID
DLB - 97 - 46
PublicationDate: 12/1/97
BulletinID: DLB - 97 - 46


December 1997


DLB-97-46


SUBJECT: PLUS Endorser Forms

Dear Colleague:

In response to school requests, the Loan Origination Center (LOC) is
making blank PLUS loan endorser forms available for school use. If
you have Federal Direct PLUS applicants who you are aware are
likely to have an adverse credit history, you may choose to give
endorser forms to the parents to submit with their original Federal
Direct PLUS Application and Promissory note.

Schools interested in pursuing this option may request both Federal
Direct PLUS Loan Endorser forms and instruction sheets by calling
1/800/848-0978, or faxing a request to the Direct Loan Origination
Center (LOC) at 1/800/557-7396. When using these forms, schools
must be sure to clearly print the full PLUS loan ID in the box at the
bottom left of the endorser form. This number links the endorser
form to the correct PLUS loan application. If the PLUS loan ID is
not printed in this box, the LOC will not be able to process the
endorser form.

We hope that you will find this form helpful and that it will assist in
processing applications. Thank you for your support.

Sincerely,



Joe L. McCormick
Chair
Direct Loan Task Force