If your parents are denied, you may be eligible for additional funds through the Unsubsidized Stafford Loan Program.

If denied a PLUS loan, you or your child may contact the Office of Financial Aid and Registrar to request information on other student loan funds. Call 800-232-1339, write to Office of Financial Aid and Registrar, 1049 University Drive, Duluth MN 55812-3011, or E-Mail umdhelp@d.umn.edu, Be sure to include the students UMD ID number or Social Security number when writing or sending E-mail to our office, to help them identify their records.

A Federal Parent PLUS Loan is a low-interest, unsubsidized federal loan that allows a parent of a dependent student to assist in paying for the student's college education. If a student accepts the offer of a Parent PLUS Loan on an award notification and the parent wants to borrow the loan, the parent must apply for the Parent PLUS Loan. Additional information, including interest rate and associated loan fees, can be found in our publication: Stepping Through the Application Process.

The FAFSA is not required to apply for a PLUS loan; however, the Financial Aid Office does recommend that the parent choose one of our participating lenders. You can find a list of our participating lenders, as well as the links to their web page, at http://www.coastal.edu/financialaid/Loantable.html. By applying online, the parent can request a specific dollar amount that they wish to borrow for either the academic year or the semester.

If your parent is denied a Parent Loan for Undergraduate Students (PLUS), this then qualifies you for additional Stafford Loan funds. As a freshman and a sophomore, you can be considered for up to an additional $6,000 in Unsubsidized Stafford Loans. As a junior and senior, you can be considered for up to $7,000 in additional funds. Our office will automatically award these additional funds to you upon receipt of a PLUS denial. Inside RoanokeMeet and chat with other accepted students.

The parent’s lender initially sends the proceeds to K-State. If the parent has signed a release form that allows the student to receive the Parent PLUS Loan proceeds, the student will be able to pick up a refund check at the Cashier's Office, in 211 Anderson Hall. If the parent did not sign the release, a check will be printed and mailed to the parent at the address listed on the PLUS Loan application.

Your parent must complete a Parent Data Form and submit it to EKU's Financial Aid Office. Your parent can request this form by calling 859-622-2361 or emailing finaid@eku.edu. The parent must also sign a PLUS Master Promissory Note (MPN) at www.kheaa.com. The parent borrower must have a federal PIN number (apply at www.pin.ed.gov) in order to e-sign.

No. The parent is the legal party responsible for the PLUS loan debt. You may make the payments on the PLUS loan on behalf of your parent, but the legal responsibility for the loan repayment will remain with your parent.

Parents of dependent students may choose to borrow under the federal PLUS program on behalf of their student. The parent(s) repay the loan, not the student. Repayment begins thirty to sixty days after the loan is fully disbursed. The PLUS loan limit is the annual cost of education (the "budget") minus other financial assistance. The FAFSA is not required (but is still recommended to determine student aid eligibility).

The Parent Plus loan has an approval based on credit. If a parent is denied due to credit, the student has the option of borrowing additional Unsubsidized Stafford loan funds; however, there are loan limits

If you are a dependent student and you have been offered a parent loan, the parent loan must be denied by a lending institution before you will be eligible to receive additional unsubsidized loans. Rejecting the parent loan stops the process of the parent loan and you cannot be awarded an additional unsubsidized loan.

The parent borrower has the right to cancel all or a portion of the PLUS, even after the funds have been disbursed to the students' account.  If the parent borrower wishes to cancel a notice must be sent to the Office of Financial Aid within fourteen calendar days of the disbursement being applied to the students' account.

If a Parent/Plus loan is processed and there are excess funds available after all charges have been paid, a check will be mailed to the parent when the funds are disbursed, per federal guidelines or CCU policy.

If at all possible, we will work with you to create a financial solution that meets your specific requirements. Sometimes, starting with a greater down payment, shortening the term, cross collateralizing or obtaining a cross corporate loan guaranty may enable us to approve an otherwise credit impaired situation.

Just because you did not get a loan from one financial institution doesn't mean you can't get one somewhere else. It's hard to accept that you are denied a loan. But you need to get it in writing that you are denied a loan by the lenders and the reasons for having rejected your loan application.

Federal PLUS loans enable parents or legal guardians with good credit histories to borrow to pay the educational expenses of each child who is a dependent undergraduate. The student must be enrolled in school at least half-time. Again, to be eligible for a PLUS loan, a parent must possess a good credit history.