Authorization for Federal Plus Loan

Authorization for Federal Plus Loan
Federal Guidelines require your authorization pertaining to the use of your F-PLUS: Federal Parent Loan. If these funds create a credit balance when applied to the student account, you must provide Millsaps College with your authorization in order for these funds to be used for miscellaneous charges (e.g. book purchases, insurance, fines, etc.) which may be billed to the student account. This authorization is valid for funds in excess of tuition and fees, including room and meal plan charges, based on the student's financial aid eligibility and enrollment status.

Please complete the following form and submit below:
APPLICATION OF FUNDS AUTHORIZATION (Select one):*

I authorize Millsaps College to use the credit balance derived from my Federal Parent Loan as payment for miscellaneous charges and services billed to the account of the student named below.I DO NOT authorize Millsaps College to use the credit balance derived from my Federal Parent Loan as payment for miscellaneous charges and services billed to the account of the student named below. I understand that I will be responsible for paying these charges individually.
CREDIT BALANCE AUTHORIZATION (Select one):*

I hereby authorize the Business Office of Millsaps College to retain any credit balance that may result from the proceeds of the Federal Parent Loan on the student’s account to be used for future tuition, fees, and/or miscellaneous goods and services.Please refund any credit balance remaining on the student’s account after current semester charges, as authorized above, have been applied against available funds.
ALL REFUNDS ARE ISSUED IN THE STUDENT’S NAME AND SENT TO THE STUDENT’S PERMANENT/HOME ADDRESS.

As required by federal guidelines, official notification for all loans will be sent to the student within 30 days of the receipt of funds. You have the right to cancel this Federal PLUS Loan up to and including fourteen (14) days after notification of the receipt of these funds. To cancel your loan prior to receipt of funds, please contact the Office of Financial Aid at (601) 974-1220. To cancel your loan after receipt of funds, the student named below should complete the following procedures with the Business Office:

1. Return any refund you received to Business Office
2. Pay all fees due to the College
3. Provide a receipt for returned monies issued by Business Office to the Office of Financial Aid
Other Aid or Funding Sources
Will you be receiving any aid, scholarships, or utilizing funds from external sources? Please select all that apply.

MPACTMilitary BenefitsIndividual 529 PlanMACSOutside Scholarship Award(s)Employer Funded Tuition BenefitVocational Rehab BenefitsOther
I understand that I may revise the above authorizations at any time and that these selections will remain in effect until I submit a written statement to the Business Office rescinding or revising these authorizations.
Borrower's Signature*

Clear
Student Signature
Borrower's Name*
Date*

MonthDayYear
Student's Full Name*
Student's Millsaps ID Number*
Email*
Student's Permanent Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Borrower's Permanent Address, if Different from Student's

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Loan Academic Year*
Should be Empty:

Authorization for Federal Plus Loan

Other Aid or Funding Sources