Federal Direct Parent PLUS Loan & Federal Direct Graduate PLUS Loan
Effective Summer 2010, Shippensburg University will participate in the Federal Direct Loan Program.
The Federal Direct Parent Plus Loan is available for parents of undergraduate students. A parent may borrow up to the cost of attendance less any other financial aid received.
The Federal Direct Graduate PLUS Loan is available for graduate students. A graduate student may borrow up to the cost of attendance less any other financial aid received.
Complete the following instructions to apply for either a Parent PLUS Loan or a Graduate PLUS Loan:
- Parent PLUS Loan:
- Visit www.studentloans.gov
- Sign in using your PIN
- Complete PLUS Request Process
- Complete four step application process, allowing the Department of Education to check your credit and approve you for the loan
- Return to www.studentloans.gov, click Sign Master Promissory Note and follow the instructions provided
- Graduate PLUS Loan:
- Visit www.studentloans.gov
- Sign in using your PIN
- Complete PLUS Request Process
- Complete four step application process, allowing the Department of Education to check your credit and approve you for the loan
- Return to www.studentloans.gov, click Sign Master Promissory Note and follow the instructions provided
- Return to www.studentloans.gov, click Entrance Counseling and complete entrance counseling for your Grad PLUS loan
Federal Direct PLUS Loan Denial Instructions
NOTE: If parents are unable to obtain credit approval for a PLUS loan, students will be eligible to receive an additional Unsubsidized Federal Direct Stafford loan to help cover costs. The financial aid office will add a $4000 unsubsidized loan (freshman and sophomores) or a $5000 unsubsidized loan (juniors and seniors) up to Cost of Attendance with a Federal Direct Parent PLUS Loan Denial.