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Student Loan Borrowers:
First-time student loan borrowers must complete a Direct Loan Master Promissory Note (MPN). Students can sign their MPN on-line at https://www.studentloans.gov. Students must have their FAFSA PIN number to complete their MPN.
For loans disbursed on or after March 1, 2013, the benefits for the student loans are listed below:
Loan Type |
Fixed Interest Rate |
Origination Fee |
Interest Rebate |
Servicing Center |
Subsidized |
3.4% |
1.051 % |
0% |
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Unsubsidized |
6.8% |
1.051% |
0% |
800-848-0979 |
Federal Parent (PLUS) Loan
Parents of dependent students are able to borrow money in the parent’s name for their student to attend college. Parents- If you would like to apply for a PLUS loan, please use your FAFSA PIN number to sign in at https://www.studentloans.gov. The U.S. Department of Education will perform a credit check and will notify you of their decision. If you are approved for the PLUS loan, a Master Promissory Note is required.
Fixed Interest Rate |
Origination Fee |
Interest Rebate |
Servicing Center |
7.9% |
4.204 % |
0% |
800-848-0979 |
LSTC's Student Loan Practices Code of Conduct
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