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2010-11 Borrowers:
Due to new legislation, all student loan borrowers at LSTC for the 2010-11 academic year will borrow their loans through the Direct Loan Program. All student loan borrowers must complete an award offer, an entrance counseling session, and a Direct Loan Master Promissory Note (MPN). Students can sign their MPN on-line at https://dlenote.ed.gov/empn/index.jsp. Students must have their FAFSA PIN number to complete their MPN.
For loans disbursed on or after July 1, 2010, the benefits for the student loans are listed below:
Fixed Interest Rate |
Origination Fee |
Interest Rebate |
Servicing Center |
Subsidized 4.5%
Unsubsidized 6.8% |
1 % |
.5% |
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 go to https://dlenote.ed.gov/empn/index.jsp to complete the PLUS Request Process. 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 % |
1.5% |
800-848-0979 |
LSTC's Student Loan Practices Code of Conduct
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