Guidance for Implementation of the Revised Direct PLUS Loan MPN (Paper Version)

Implementation Guidance for the Revised Direct PLUS Loan MPN (Paper Version)

Attachment to DLB-07-20

Before October 13, 2007…

Federal Student Aid Actions

School Actions

• We will begin accepting the revised Direct PLUS Loan MPN. We will continue to accept the current version of the Direct PLUS Loan MPN through February 29, 2008.

• Paper versions of the revised Direct PLUS Loan MPN, stand-alone Direct PLUS Loan BRR, and Direct PLUS Loan PLD will be available for schools to order in bulk from the FSA Pubs Web site. Orders may be placed in advance, but shipping will occur after October 24, 2007. Of course, schools may also print the attached revised Direct PLUS Loan MPN for distribution to borrowers on or after October 13, 2007.

• Microsoft Word versions of the revised Direct PLUS Loan MPN, stand-alone Direct PLUS Loan BRR, and revised Direct PLUS Loan PLD will be available on the Direct Loan Web site.
• We will include the revised Direct PLUS Loan MPN (and, if applicable, the revised Endorser Addendum and/or the revised Direct PLUS Loan PLD) in paper Direct PLUS Loan MPN packages under the following circumstances:
• When the school has opted to have the Common Origination and Disbursement (COD) System print MPNs; or
• When the school has not opted to have the COD System print MPNs, but includes a Promissory Note Print code of “S”, “R”, “Z”, or “V” in the award.

• We expect to post an EDExpress Service Release (Release 3.1) on October 19, 2007 to accommodate the use of the revised Direct PLUS Loan MPN. Further information will be provided in separate communications.
• We will provide print specifications for the revised Direct PLUS Loan MPN in the COD Technical Reference in late October 2007.

• Schools may begin using the revised Direct PLUS Loan MPN. The current version of the Direct PLUS Loan MPN will continue to be accepted through February 29, 2008.
• Schools that order paper copies of the revised Direct PLUS Loan MPN from us must begin using the new version as soon as practical after the revised MPN is available for order and delivery, but no later than March 1, 2008.
• Once a school begins providing the revised Direct PLUS Loan MPN to borrowers, it must discontinue use of the current Direct PLUS Loan BRR and the addendum that accompanies the current Direct PLUS Loan MPN.

• Schools that provide the Direct PLUS Loan PLD to borrowers must begin providing the revised Direct PLUS Loan PLD to borrowers who are receiving a second or subsequent Direct PLUS Loan under a previously signed MPN as follows:
• Schools that order the paper PLDs from us must begin using the revised version as soon as practical after it is available for order and delivery, but no later than March 1, 2008.
• Schools that choose to print the Microsoft Word version of the revised PLD must begin using the revised document as soon as practical, but no later than March 1, 2008.

• Schools that wish to create and print the revised Direct PLUS Loan MPN using their own software must begin using the new version as soon as they are able to make the necessary programming changes, but no later than March1, 2008.

School Actions Continued

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