Section A: Parent Borrower Information (Completed by U.S. Department of Education)		
1. Name (Last, First, Middle Initial)	2. Social Security Number	3. Date of Birth
4. Permanent Street Address (Street, City, State, Zip Code)		
DOC.
EDI.2: . C76/7/999
Direct
Loans
William D. Ford Federal Direct Loan Program
Government
Documents
Bookstacks
Federal Direct Consolidation Loan Promissory Note Endorser Addendum
WARNING: Any person who knowingly makes a false statement or misrepresentation on this form shall be subject to penalties • —	which may include fines, imprisonment, or both, under the U.S. Criminal Code and 20 U.S.C. 1097.
0MB No. 1840-0693 Form Approved Exp. Date 1/31/2002
5. Home Area Code/Telephone Number
6. Direct PLUS Consolidation Loan Amount
B: Endorser Information
7. Name (Last, First, Middle Initial)		8. Social Security Number	9. Date of Birth
10. Permanent Street Address (Street, City, State, Zip Code)			11. Fax Number (Optional)
12. Home Area Code/Telephone Number ( )	13. Driver’s License Number (list state abbreviation first) ( )		14. E-Mail Address (Optional)
15. U.S. Citizenship Status (Check One) “| O U.S. Citizen or National
o i | Permanent Resident or Other Eligible Noncitizen
Alien Registration Number
q I I Neither ° LJ 1 nor 2
16. Employer’s Name
17.	Employer’s Area Code/Telephone Number
18.	Employer’s Address (Street, City, State, Zip Code)
19.	References: (See instructions before completing this section.) Name	1._
DEPOSITORY
Permanent Address
City, State, Zip Code
Area Code/Telephone Number
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Section C: Endorser’s Certification
In the event that the borrower identified in Section A does not repay the Federal Direct Consolidation Loan (Direct Consolidation Loan) for which I am the endorser,
I promise to pay the U.S. Department of Education (ED) all sums (hereafter “loan” or “loans”) disbursed for the purpose of paying off a parent PLUS loan(s) or a parent PLUS consolidation loan(s) under the Federal Direct Consolidation Loan Promissory Note plus interest and other fees that may become due, as provided in this Federal Direct Consolidation Loan Promissory Note Endorser Addendum (addendum). If I fail to make payments on this addendum when due, I will also pay collection costs including but not limited to attorney’s fees and court costs.
I understand that this is an addendum to the Federal Direct Consolidation Loan Promissory Note. I will not sign this addendum before reading it, even if I am advised
not to read it. I am entitled to an exact copy of this addendum and a statement of the Borrower’s Rights and Responsibilities. My signature certifies that I have read, understand, and agree to the terms and conditions of this addendum.
Under penalty of perjury, I certify that the information contained on this addendum is true and accurate. I authorize ED to investigate my credit record and report information concerning my credit to the proper persons and organizations.
I UNDERSTAND THAT THIS IS A FEDERAL LOAN THAT I MUST REPAY IN THE EVENT THE BORROWER IDENTIFIED IN SECTION A DOES NOT REPAY THE LOAN.
20. Loan Identification Number
21. Signature of Endorser	Date
Page 1Direct
Loans
William D. Ford Federal Direct Loan Program
Federal Direct Consolidation Loan
Note to Endorser	w iTHp $ * wf.
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NOTE TO ENDORSER
By signing this Federal Direct Consolidation Loan Promissory Note Endorser Addendum (addendum), you agree to abide by the terms and conditions of the promissory note (note) in the event the borrower does not repay the loan identified by the note.
DISCLOSURE OF TERMS
This note applies to Federal Direct Consolidation Loans (Direct Consolidation Loans).
In this note, the Higher Education Act of 1965, as amended, 20 U.S.C. 1070, et seg., and applicable U.S. Department of Education (ED) regulations are referred to as “the Act”. The terms of this note will be interpreted in accordance with the Act and other applicable federal statutes.
INTEREST RATE
I agree to pay interest on the principal amount of the loan from the date of disbursement until the loan is paid in full. If I fail to make the required interest payments when due,
I agree that ED may add the accrued interest to the unpaid balance of the loan, as provided under the Act. This is called capitalization.
Interest will be calculated according to the applicable formulas provided for by the Act.
The interest rate on my Direct Consolidation Loan will be based on the weighted average of the interest rates on the loans being consolidated, rounded to the nearest higher one-eighth of one percent, but shall not exceed 8.25%. This is a fixed interest rate, which means that the rate will remain the same throughout the life of the loan.
REPAYMENT
I am obligated to repay the full amount of the loan and accrued interest.
Unless I have received a deferment or forbearance, the repayment period for a Direct Consolidation Loan will begin on the date that the loan is disbursed. The first payment is due within 60 days from that date.
ED will provide me with an opportunity to select a repayment plan. If I do not select a plan, ED will choose a plan for me in accordance with ED’s regulations. ED will issue a repayment schedule that provides a schedule of payment amounts and due dates. I may prepay all or any part of the unpaid balance on the loans at any time,
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without a penalty. I agree to accept written notification of such payoff in place of receiving the original note.
LATE CHARGES AND COLLECTION COSTS
If I fail to make an installment payment within 30 days after it becomes due, ED may collect a late charge that will not exceed six cents for each dollar of each late installment. If I default on a loan, I will pay reasonable collection fees and costs, plus court costs and attorney’s fees associated with collection of the debt.
ACCELERATION AND DEFAULT
At the option of ED, the entire unpaid balance will become immediately due and payable when either of the following events occurs: (i) I make a false representation that results in my receiving a loan for which I am not eligible; or (ii) I default on the loan.
The following events shall constitute a default on a loan:
(i)	I fail to pay the entire unpaid balance after ED has exercised its option under the preceding paragraph; or
(ii)	I fail to make installment payments when due, or fail to comply with other terms of the loan, and ED reasonably concludes I no longer intend to honor my repayment obligation. My failure must have persisted for at least 270 days. If I default, ED will capitalize all outstanding interest into a new principal balance.
If I default, this will be reported to national credit bureau organizations and will significantly and adversely affect my credit rating. If I default on this loan, my federal income tax refund may be withheld to pay this debt, my wages may be garnished or offset, and legal action may be brought against me to enforce the terms of this note.
I will be ineligible for additional federal student financial aid and for assistance under most federal benefit programs.
NOTICES
Any notice that is required to be given to me will be effective when mailed by first-class mail to the latest address ED has for me. I will immediately notify ED of any change of my address. Failure by ED to enforce or insist on compliance with any term on this note shall not waive any right of ED. No provision of this note may be changed or waived except in writing by ED. If any provision of this note is determined to be unenforceable, the remaining provisions shall remain in force.
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*U.S. Government Printing Office: 1999 — 449-957