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| Information/Application/Master Promissory Note |
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The PLUS loan is a federally sponsored and regulated national
student loan program. Parents of dependent students can take out
loans to supplement their children's aid packages, so the loan is
actually the parent's loan and not the student's. The maximum annual
limit is the cost of education minus other aid. The interest rate is
fixed at 8.5%.
Checks or electronic fund transfers are co-payable to parent and
school and are dual disbursed. The Plus Loan does require a credit
check and some parents may not be eligible the loan. If a parent is
turned down for a PLUS loan and receives a Letter of Denial the
student may be eligible for additional Stafford Loan.
Repayment begins 60 days after the final disbursement of a multiple
disbursement.
To apply for a PLUS loan, you must complete two steps:
- The online PLUS loan application
- The PLUS loan Master Promissory Note
After completing these two steps, you will be notified in writing whether or not you have been
approved for the loan. This process typically takes up to 10 days. To find out more about the
PLUS loan, please visit the Funding Options page.
PLUS LOAN APPLICATION
This is the application that comes to the Financial Aid Office directly and is used to set up an
account for you and to notify us of your intent to apply. On this application you will indicate
the amount of loan you are requesting for the academic year. Please note that the amount you enter
will normally be split into two disbursements- one for the fall semester and one for the spring.
If you would like to request a change to this process, please call the Financial Aid Office to find
out if alternatives can be offered (920) 465-2075. The amount you can request is the Cost of
Attendance minus any financial aid (federal or other) that your son or daughter is receiving for
the academic year.
PLUS LOAN MASTER PROMISSORY NOTE
The is the actual application that will create the loan for you. In it, you will select a bank to
use for your loan. For your convenience, a drop down menu of our preferred lenders is provided.
You are welcome to use your own bank or credit union as well, but you will need to request their
lender ID number to complete the Master Prom Note. You will also need your FAFSA PIN
number in
order to sign and submit the Master Promissory Note electronically.
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