Applying for a PLUS Loan
Starting with the 2010 - 2011 school year Stephens College is participating in the Direct Loan Program. Previously Stephens College participated in the Federal Family Education Loan Program (FFELP) where students and parents borrowed money from a lender, such as a bank. In the Direct Loan program, students and parents will borrow directly from the Federal Government. Please read the FAQs that we've compiled. If you still have additional questions, please contact the Financial Aid Office at finaid@stephens.edu.
TO APPLY ONLINE:
Applying for a Direct PLUS loan for the first time?
Complete steps 1 and 2 below by June 1 to ensure that PLUS loan funds are available for your student’s use on the first day of classes (or by December 1 for the Spring semester). Applications are accepted throughout the academic year.
Step 1 – Complete the Federal Direct Parent PLUS Loan Data Sheet.
- You may complete this form online or download and print a copy (PDF) and mail or fax it to the Financial Aid Office.
Step 2 – Complete a Direct PLUS Master Promissory Note (MPN).
- You will need to have your Department of Education issued PIN to begin the process. If you do not have your PIN, please visit the official PIN site. You will also need certain hardware and software to complete the process.
- You can begin the process by choosing Complete New MPN for Parent PLUS Loans.
- Once the Financial Aid Office receives confirmation that you have been approved and have completed a MPN, we will certify your loan eligibility and transmit the information to the Department of Education.
- Loan funds will be sent to Stephens College as early as the first day of classes each semester.
- If you are eligible and wish to borrow additional loan funds during the same academic year, complete a new PLUS Loan Application.
- You may also contact the Financial Aid Office at 573-876-7106 if you have any questions about your loan eligibility or increasing your requested PLUS loan amount
Reapplying?
Complete step 1 below by June 1 to ensure that PLUS loan funds are available for your student’s use on the first day of classes (or by December 1 for the Spring semester). Applications are accepted throughout the academic year.
- Step 1 – If you have previously borrowed a Direct
PLUS loan, complete a Federal Direct Parent PLUS Loan Data Sheet
to apply for a PLUS loan for the 2011 - 2012 academic year.
- You may complete this form online or download and print a copy (PDF) and mail or fax it to the Financial Aid Office.
- You may apply for the entire academic year (fall & spring) at the same time.
- Once the Financial Aid Office receives confirmation that you have been approved and have a completed MPN on file, we will certify your loan eligibility and transmit the information to the Department of Education.
- Loan funds will be sent to Stephens College as early as the first day of classes each semester.
- If you are eligible and wish to borrow additional loan funds during the same academic year, complete a new PLUS Loan Application.
- You may also contact the Financial Aid Office at 573-876-7106 if you have any questions about your loan eligibility or increasing your requested PLUS loan amount.
TO APPLY VIA PAPER PROCESS:
- Complete a Federal Direct Parent
PLUS Loan Data Sheet to apply for a PLUS loan for the 2011
- 2012 academic year.
- Download and print a copy (PDF), or request one to be mailed to you by contacting the Financial Aid Office; complete and return it by mail or fax to the Financial Aid Office.
- You will need to tell us your requested loan amount. You may apply for the entire academic year (fall & spring) at the same time. Contact the Financial Aid Office at 573-876-7106 if you have any questions about your PLUS loan eligibility.
- Complete a paper Master Promissory Note (MPN) if you are a new Direct PLUS loan borrower.
- Contact the Financial Aid Office to request a paper MPN be sent to you.
- A credit check will be performed when we process the loan.
- We will certify your loan eligibility and transmit the information to the Department of Education once we have received your completed PLUS Loan Application. We will mail your MPN to the Department of Education if you send it to us or you may send it directly to the Department of Education.
- Once the Department of Education receives your MPN and our certification information, your loan will be processed and the loan funds will be sent to Stephens College as early as the first day of classes each semester.
- If you are eligible and wish to borrow additional loan funds during the same academic year, complete a new PLUS Loan Application and mail or fax it to the Financial Aid Office.
- You may also contact the Financial Aid Office at 573-876-7106 if you have any questions about your loan eligibility or increasing your requested PLUS loan amount.
ADDITIONAL INFORMATION:
