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Federal PLUS Loan Process 2008-2009
If you are a New Borrower applying for a PLUS loan for the 2007-2008 year, please click here . If you are a Returning Borrower for the 2007-2008 year and are applying for a PLUS loan, you must complete the PLUS Loan Request Form.
How much can I borrow?
Completing the formula below will determine your maximum loan eligibility for the 2008-2009 school year:
| Cost of Attendance |
1. |
|
| less Financial Aid (All awards not declined) |
-2. |
|
| Initial Loan Amount |
=3. |
|
| Multiply Line 3 by .03% to determine origination fee |
4. |
|
| Add line 3 and line 4 for Maximum loan eligibility |
5. |
|
| Requested Loan amount (cannot exceed line 5) |
6. |
|
Returning Borrowers 2008-2009
Returning student Financial Aid Award letters will be sent out mid-June. If you are a Returning Borrower and wish to re-apply for a PLUS Loan for the 2008-2009 school year, you must complete the PLUS Loan Request Form which can be found in your Financial Aid award package or online through the Financial Aid Forms page. Once received, your loan will be processed with the lender you used the previous year.
New Borrowers 2008-2009
New Borrowers are required to choose a Lender and sign a Master Promissory Note (MPN). Follow Link Below.