Direct PLUS Loan MPN Completion by Graduate and Professional Students

The Higher Education Reconciliation Act of 2005 (the HERA), Pub. L. 109-171, provides for eligible graduate and professional students to receive Federal Direct PLUS Loans (Direct PLUS Loans) on or after July 1, 2006. Direct PLUS Loans are loans made to eligible borrowers for up to the cost of attendance minus other estimated financial assistance each academic year. The HERA also made other changes to the terms and conditions of Direct PLUS Loans. To ensure that eligible graduate and professional students can complete the Federal Direct PLUS Loan Application and Master Promissory Note (PLUS MPN) at the earliest point possible, the U.S. Department of Education has developed an addendum to the existing PLUS MPN. The addendum is a legal document that makes the existing PLUS MPN (previously completed only by parent PLUS borrowers) applicable to graduate and professional student PLUS borrowers (Grad PLUS borrowers). In addition, the addendum explains the other changes to the terms and conditions of Direct PLUS Loans that were made by the HERA. Item 1 in the addendum addresses the specific changes that apply to Grad PLUS borrowers. Included in this explanation are changes to the instructions for completing the PLUS MPN. As a Grad PLUS borrower, you will do the following when completing the PLUS MPN: • Enter information about yourself in all items in Section A except for Item 7 (U.S. Citizenship Status). You do not need to complete Item 7. This question was answered when you completed the Free Application for Federal Student Aid (FAFSA). Enter information about yourself in all items in Section C. Ensure that your Name, SSN, and Date of Birth in Section A and Section C match exactly. Sign and date the PLUS MPN in Section E.

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The illustration below shows you how to complete Section A and Section C of the PLUS MPN.

Application and Master Promissory Note: Federal Direct PLUS Loan William D. Ford Federal Direct Loan Program
Warning: Any person who knowingly makes a false statement or misrepresentation on this form will be subject to penalties which may include fines, imprisonment, or both, under the U.S. Criminal Code and 20 U.S.C. 1097.

OMB No. 1845-0068 Form Approved Exp. Date 01/31/2006

SECTION A: PARENT INFORMATION 1. Driver’s License State and No. 4. E-mail Address (optional) 5. Name and Address

READ THE INSTRUCTIONS IN SECTION G BEFORE COMPLETING THIS SECTION 2. Social Security No. 3. Date of Birth

Graduate/Professional Student: Enter information about yourself in Section A.

6. Home Area Code/Telephone No. 7. U.S. Citizenship Status (check one) (1)  U.S. Citizen or National (2)  Permanent Resident/Other Eligible Non-Citizen If (2), Alien Registration No.

Graduate/Professional Student: Do not complete #7.
8. Employer’s Name and Address

9. Employer’s Area Code/Telephone No. ( ) 10. If it is determined that you have an adverse credit history, will you try to obtain an endorser?  Yes  No 11. References: You must list two persons with different U.S. addresses who have known you for at least three years. Do not list the student as a reference. Name Permanent Street Address City, State, Zip Code Area Code/Telephone No. 1. 2.

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SECTION B: SCHOOL INFORMATION 12. School Name and Address SECTION C: STUDENT INFORMATION 15. Student’s Name (last, first, middle initial)

13. School Code/Branch

14. Identification No.

16. Social Security No.

17. Date of Birth

Graduate/Professional Student: Enter information about yourself in Section C.