; and (III) a projection for any other loans made under this title that the borrower is reasonably expected to accept during the borrower’s program of study based on at least the expected increase in the cost of attendance of such program. (N) The obligation of the borrower to repay the full amount of the loan, regardless of whether the borrower completes or does not complete the program in which the borrower is enrolled within the regular time for program completion. (O) The likely consequences of default on the loan, including adverse credit reports, delinquent debt collection procedures under Federal law, and litigation, and a notice of the institution’s most recent loan repayment rate (as defined in section 481B) for the educational program in which the borrower is enrolled, an explanation of the loan repayment rate, and the most recent national average loan repayment rate for an educational program. (P) Information on the National Student Loan Data System and how the borrower can access the borrower’s records. (Q) The contact information for the institution’s financial aid office or other appropriate office at the institution the borrower may contact if the borrower has any questions about the borrower’s rights and responsibilities or the terms and conditions of the loan. (5) Borrowers receiving Federal Direct PLUS Loans for dependent students or Federal ONE Parent Loans The information to be provided under paragraph (1) to a borrower of a Federal Direct PLUS Loan for a dependent student or a Federal ONE Parent Loan shall include the following: (A) The information described in subparagraphs (A) through (C) and (N) through (Q) of paragraph (4). (B) An explanation of the treatment of the loan and private education loans in bankruptcy. (C) Information on the annual and aggregate loan limits. (D) Information on the annual percentage rate of the loan. (E) The option of the borrower to pay the interest on the loan while the loan is in deferment. (F) For a first-time borrower of a loan or a borrower of a loan under