Admissions & Financial Aid Plus
PLUS Loan Application Process
This is a government loan program for parents. Traditionally, a reasonable interest rate, availability and dollar amount, have made this a good loan option. The current interest rate on this loan is fixed at 7.0%. There is a loan origination fee of 4.264%. Borrowers can begin repayment 60 days after the loan is fully disbursed or you have the option to defer payments while your son is enrolled in school. Applications for this loan are available at studentloans.gov.
Once you (the parent) have logged in to this website, you will click the link that says "Complete the PLUS Request Process" and simply follow the instructions. Information about the loan you are requesting will be sent to our office within 1-2 business days.
Information about Title IV, HEA loans (Direct Stafford and PLUS loans) will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.
To check the status of your FAFSA, go to:
www.fafsa.gov and select "Check Status of a Submitted FAFSA or Print Signature Page"
Missing paperwork? Check "My Documents" on Ask Wally for items that have not been received by the Financial Aid Office.