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  2013-2014 PLUS Loan Authorization Form  

 

If you wish to borrow under the PLUS Loan Program, please complete this form, a PLUS application(includes credit check) and a PLUS Master Promissory Note (MPN).

 

Step 1 - Demographic Information

Student Last Name:       Student First Name:  

Student SSN(Last Four):     or Student ID:  

 

Parent Last Name:       Parent First Name:  

Parent Perm. Address:  

Parent City:       Parent State:       Parent Zip:  

Parent Phone:       Parent SSN(Last Four):       Parent Email:  

 

Step 2 - How much to borrow for the 2013-2014 Year

Loan Amount Requested by parent:  

Select the terms you will need the PLUS loan proceeds for. Disbursements will be equally divided among all terms indicated. (Please enter Yes or No)
  Fall Term Yes No   Spring Term Yes No   Summer Term Yes No

 

Step 3

NEW PLUS BORROWERS: Make sure you complete a PLUS Application and Direct Loan Master Promissory Note (MPN) electronically. A Federal Student Aid PIN is required. Use the PIN you used to complete your FAFSA. If you have lost or forgotten your PIN, you can "Request a Duplicate PIN".

 

Step 4 - Your Rights and Responsibilities regarding your Federal PLUS Loan

1. I understand that my student must be enrolled at least half-time each term for this PLUS loan.
2. I understand that all funds will be credited to my student's account first, with any remaining balance refunded to me according to the college's schedule.
3. I understand that I am applying with a Master Promissory Note for the above student at NCC. I understand that I may receive one or more loans under this MPN and that I must repay such loans.
4. I understand that Federal regulations require multiple disbursements on this loan.
5. I understand that I may choose to cancel any or all of my loan, even after the loan funds are disbursed.
6. I authorize NCC to apply the proceeds of the PLUS Loan to my son's/daughter's account to pay any outstanding charges (tuition, fees, books, dorms, supplies, shop tickets, parking tickets).
7. Also, I understand that if my student is not maintaining satisfactory academic progress, future PLUS Loan disbursements will be cancelled.
8. I understand that when requesting a PLUS Loan, the loan information will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

By placing your initials here, you acknowledge that you understand your rights and responsibilities.  

It is recommended that you print a copy of this form for your records before submitting.

 

Step 5 - Submit Loan Authorization Form by clicking on Submit button.

 
NEW BORROWERS REMEMBER TO GO TO www.studentloans.gov AND COMPLETE YOUR PLUS APPLICATION AND MASTER PROMISSORY NOTE!