What if I want to apply for additional Graduate PLUS loan funds?
You may apply for additional Graduate PLUS loan funds by completing another Federal Direct Graduate PLUS loan
application/credit authorization. The total amount of a Graduate PLUS loan may not exceed the cost of attendance minus
all other nancial aid. Please note that your credit history may be reviewed again to determine your eligibility.
What am I consenting to by signing the credit authorization?
Your consent veries that you have read the privacy act disclosure as follows and give the University of St.
Thomas permission to authorize the Department of Education to review your credit report:
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 Direct PLUS. The information on this form will be used to determine your eligibility for a Direct
PLUS. The information in your le 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 nancial assistance program, for enforcement purposes, for litigation 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 benet,
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 inquiry from the congressional ofce 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 (identier) throughout the life of your loan(s) so that data may be
recorded accurately.
What if my credit is denied?
If your credit is denied, you will receive notication from the Direct Loan Servicer. You may choose from the following
options:
- You may try to have a credit status override completed by the servicer. Please contact the Direct Loan Servicer at
1-800-557-7394.
- You may provide documentation to the Direct Loan Servicer if you have extenuating circumstances. Your request for
a Graduate PLUS loan will be reviewed again by the servicer.
- You may have a third party endorser co-sign the PLUS loan application with you. In this case, please contact the Direct
Loan Servicer at 1-800-557-7394.
Is my loan deferred while I am in school?
Yes. While you are enrolled in school at least half-time, you are automatically placed in an in-school deferment status
that allows you to postpone payments on your Graduate PLUS loan until you graduate or drop below half-time.
University of St. Thomas
Financial Aid Ofce - Mail 5007
2115 Summit Avenue
St. Paul, MN 55105-1078
Telephone (651) 962-6550
Fax (651) 962-6599
University of St. Thomas
Graduate Financial Aid Ofce
Terrence Murphy Hall, Suite 251
1000 LaSalle Avenue
Minneapolis, MN 55403
Scan completed form and e-mail to nancialaid@stthomas.edu