Louisiana State University • Pleasant Hall • Baton Rouge, LA • 70803 • O 225-578-3103
I
MPORTANT INFORMATION ABOUT YOUR PLUS LOAN APPLICATION
Applications should be uploaded via the following link: http://www.lsu.edu/submit
The amount that a parent may borrow is based on the cost of attendance minus the financial aid and resources for the loan period.
Should your PLUS loan be approved and the Office of Financial Aid & Scholarships has received acknowledgement of a valid promissory note, PLUS loan
funds will automatically be applied to the student’s LSU account in accordance with LSU’s disbursement schedule. If the PLUS loan funds result in a credit
on the student’s LSU account, a refund check will be sent to the parent, unless the parent requests on the Federal Direct Parent PLUS Loan Application that
the refund be issued to the student.
If you have not completed a Master Promissory Note (MPN) for this student: By signing and submitting this PLUS loan application, you consent to
borrow funds under the PLUS loan program and understand that if approved and after a Master Promissory Note is completed, your funds will be applied to
your student’s LSU account in accordance with LSU’s disbursement schedule.
If you already have a signed Master Promissory Note (MPN) on file with our office for this student: By signing and submitting this PLUS loan
application, you consent to borrow funds under the PLUS loan program and understand that your funds, if approved, will be accepted automatically and
applied to your student’s LSU account in accordance with LSU’s disbursement schedule.
You may cancel all or a portion of your loan after funds have been credited to your student’s LSU account by notifying us in writing within 30
days.
If the parent borrower is denied a PLUS loan, and the student has opted to receive the additional Federal Direct Unsubsidized Stafford Loan, the
additional loan is subject to the following limits:
- students with 59 and under earned credit hours – up to $4,000 per academic year
- students with 60 and over earned credit hours – up to $5,000 per academic year
CONSENT TO OBTAIN CREDIT REPORT
Privacy Act Disclosure Notice
The Privacy Act of 1974 (5 U.S.C. 552a) requires that the following notice be provided to you. The authority for collecting the
information requested on this form is §451 et seq. of the Higher Education Act of 1965, as amended. Your disclosure of this
information is voluntary. However, if you do not provide this information, you cannot be considered for a Federal Direct PLUS
loan. The information on this form will be used to determine your eligibility for a Federal Direct PLUS loan. The information in
your file may be disclosed to third parties as authorized under routine uses in the Privacy Act notices called “Title IV Program
Files” (originally published on April 12, 1994, Federal Register, Vol. 59 p.17351) and “National Student Loan Data System”
(originally published on December 20, 1994, Federal Register, Vol. 59 p. 65532). Thus, this information may be disclosed to
federal and state agencies, private parties such as relatives, present and former employers and creditors, and contractors of the
Department of Education for purposes of administration of the student financial assistance program, for enforcement purposes,
for litigation purposes where such disclosure is compatible with the purposes for which the records were collected, for use by
federal, state, local, or foreign agencies in connection with employment matters or the issuance of a license, grant, or other
benefit, for use in any employee grievance or discipline proceeding in which the Federal Government is a party, for use in
connection with audits or other investigations, for research purposes, for purposes of determining whether particular records are
required to be disclosed under the Freedom of Information act, and to a Member of Congress in response to an inquire from the
congressional office made at your written request.
Because we request your social security number (SSN), we must inform you that we collect your SSN on a voluntary basis, but
section 484(a)(4) of the HEA (20 U.S.C. 1091 (a)(4)) provides that, in order to receive any grant, loan, or work assistance under
Title IV of the HEA, a student must provide his or her SSN. Your SSN is used to verify your identity, and as an account number
(identifier throughout the life of your loan(s) so that data may be recorded accurately