FEDERAL DIRECT LOAN PROGRAM
PLUS LOAN APPLICATION
To be completed by the student's parent:
- , I understand that this loan is for educational purposes only and that this application, as well as the Promissory Note, which I will sign after the loan has been approved, will serve as my authorization for my loan proceeds to be automatically credited to the student account of the student indicated above. I understand that funds borrowed for expenses above direct college costs will be paid by the college directly to me.
- permission to transmit the above information to the Direct Loan servicer for the U.S. Department of Education, and that the servicer has my permission to evaluate my credit for purposes of this loan. It is fully understood that my credit report will be evaluated by the servicer for the U.S. Department of Education, and that the credit report will not be provided to the institution and will not become a part of the student's confidential file. I understand that both the institution and myself will be notified of approval or denial, and that any reasons for a denial will be sent only to me.
I UNDERSTAND THAT ONCE THE LOAN IS APPROVED AND A PROMISSORY NOTE SIGNED, THIS IS A FEDERAL LOAN THAT MUST BE REPAID.
PLEASE RETURN THIS FORM TO THE SCHOOL'S DIRECTOR OF FINANCIAL AID