The Federal PLUS Loan Application and Master Promissory Note is the means by which an eligible parent borrower applies for and agrees to repay a Federal PLUS Loan. If an applicant for a Federal PLUS Loan is determined to have an adverse credit history and obtains an endorser, the Endorser Addendum is the means by which the endorser agrees to repay the loan if the borrower does not repay it. The School Certifications form is the means by which a school certifies a borrower's eligibility for a Federal PLUS Loan if the school does not certify eligibility electronically.
US Code:
20 USC 1078-2
Name of Law: Higher Education Act of 1965, as amended
PL: Pub.L. 109 - 171 8805(c) Name of Law: Higher Education Reconciliation Act of 2005
The Higher Education Reconciliation Act of 2005 extended eligibility for Federal PLUS Loans to graduate and professional students. Previously, Federal PLUS Loans were available only to parents of dependent undergraduate students. This change increased the number of Federal PLUS Loan borrowers. There is no decrease in hours although ROCIS is reporting one.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Jon Utz 202 377-4040
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.