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When are lenders required to send the Repayment Addendum and Disclosure Statement for Parent PLUS loans?

April 26, 2017Addendum disclosure lenders Loans parent Plus repayment send

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When are lenders required to send the Repayment Addendum and Disclosure Statement for Parent PLUS loans?

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Lenders must disclose the required repayment information at or prior to the beginning of the repayment period. For a Parent PLUS loan disbursed in more than one installment, the repayment period begins on the date of the first disbursement made on the loan.