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This letter notifies a student that their Graduate PLUS Loan application has been processed. It provides details of the loan including the term from May 2013 to December 2013, the amount of $25,000 to be disbursed in two equal amounts of $12,500 in May and September 2013. The letter explains that the funds will be deposited via electronic funds transfer within 3 business days or by paper check within 30 days, and any credit balance will be returned to the student within 14 days. It also informs the student of their right to cancel or reduce the loan within 14 days.
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- 1. Universidad Central del Este San Pedro de Macor鱈s, Rep炭blica Dominicana DEPARTAMENTO DE ASISTENCIA FINANCIERA April 03, 2013. EFIGENIO REYNOSO SSN: 729-05-8272 Dear Student: In accordance with the U.S. Department of Education regulations, we are notifying you that youre Graduate PLUS Loan has been processed. Please refer to the Following information regarding your loan: Term of Loan: 05/02/2013 to 12/23/2013 Graduate Plus Amount: US$25,000.00 Anticipated Disbursement Dates: 05/25/2013 09/25/2013 Anticipated Disbursement Amounts: US$12,500.00 US$12,500.00 If your lender participates in electronic funds transfer (EFT), your loan will be disbursed in this manner. Otherwise, a paper check will be received by the school for you to negotiate. EFT funds will be applied to your account within 3 business days. Paper Checks will be negotiated within 30 days. In either case, any credit balance resulting from Title IV funds will be returned to you within 14 days of the date the credit balance occurs. You have the right to cancel all or a portion of your loan(s). If you would Like your school to return loan proceeds to the lender, you must inform the Business Office within 14 days of the date of this correspondence. ___________________________________________ Student Signature Date