Intro to COD
T/F Do you document in COD
What is False
MPN stands for...
What is Master Promissory Note
The two types of PLUS Loans are
What is Parent and Graduate
A credit check is done *blank* when completing the PLUS Loan application at the studentaid.gov website
What is immediately
An Endorser is someone who...
What is agrees to pay the loan if the borrower does not
COD is broken down into these 3 sections
What is Person, School, User
You can receive more than one loan for up to how many years with one MPN
What is 10 years.
You must have a *blank* credit history to apply for the PLUS Loan
What is Adverse
T/F If your application is approved that means you are eligible for the PLUS loan
What is False
The endorser will need either of the following with the borrower's last name to complete the Addendum
what is the Endorser code or Award Identification Number
You can find where a person has completed a Repayment application under
What is Servicer
The MPN is a promise to *blank* the loans and any accrued interest and fees to the Dept of Ed
What is Pay
If you have a freeze on your credit, your application may end up with this status
What is Pended
What are the 4 credit results
what are Approved, Denied, Declined-Reconsideration Eligible, and Pended
Who receives the endorser code via email
What is the borrower
Can you find the status of the aid disbursement in COD
What is no
What two options do you have to complete the MPN
what is Electronically and Paper
T/F Can you request a deferment for a Parent Plus Loan while the student is in school and after they have left or graduated?
What is True
A credit check last how many days before it has expired
What is 180 days
T/F Endorser will have to log in using their FSA ID to print the paper endorser addendum
What is False. The Applicant will have to login
What tab can you see the TEACH ATS
Accepted, Pending,Inactive and Closed are
What is MPN status
The PLUS Loan cannot exceed..
Cost of Attendance minus other Aid
If an applicant is denied they can either..
what is appeal the decision or obtain an endorser
T/F You can you move forward with the addendum if you are not eligible to be an endorser
What is False