Federal PLUS Loan

Applying for a Federal PLUS Loan

Beginning July 1, 2004 all Federal PLUS Loan applicants will be required to complete a PLUS Master Promissory Note (MPN). This note incorporates multi-year functionality that will allow the parent to borrow for multiple years without having to complete a PLUS MPN for each requested loan amount. The PLUS MPN is valid for up to ten years, provided that the parent borrows within one year from the date the note was signed and the borrower uses the same lender and guarantee agency for each requested amount. If you have more than one student, you will need to complete a separate PLUS MPN for each student. To complete a PLUS MPN, select one of the lenders listed below and you will be directed to the appropriate agency's online PLUS MPN application page. This online MPN can be completed and signed using the PIN code supplied by the Federal Department of Education. If you do not have a Federal PIN or cannot remember your PIN, please go to www.pin.ed.gov to obtain a PIN.

The first time you complete a PLUS MPN, the appropriate agency will supply MSU with the necessary information to allow for processing of your loan request, provided you select a lender from the list below and complete an online PLUS MPN. In subsequent years you will only need to submit a PLUS Loan Request Form to Student Financial Services at MSU.

 

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PLUS Loan Request Form (PDF)

2008-2009

• Undergraduate
• Graduate

2007-2008

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If you choose to borrow from a lender not listed below, or you choose not to complete the online PLUS MPN, you will need to submit the PLUS MPN to the appropriate agency as indicated by your lender AND submit the PLUS Loan Request Form to MSU Student Financial Services. Not completing both steps in the MPN process will result in you not receiving the Federal PLUS Loan funds.

Disbursement of PLUS Funds will occur as outlined below:

• If approved, the lender will electronically disburse the funds to MSU
• If there is a balance owed on the student's account MSU will deduct the remaining charges from the loan.
• If there are funds remaining after University charges are satisfied, those funds will be delivered to either the parent or the student depending on what was chosen in the application process.

To apply online for a PLUS Loan click on the button that corresponds to your lender of choice below:

2007-2008 List of Recommended Lenders

	Lender	Code	Guarantee Agency
	U.S. Bank	821654	Great Lakes Higher Education Corp. (GLHEC)
	Wells Fargo	807176	P.O. Box 64080
			St. Paul, MN 55164-0080
			800-366-0032
	Citibank	826878	Education Assistance Corp. (EAC)
	Bremer Bank	806361	115 First Avenue Southwest
	EdAmerica	831453	Aberdeen, SD 57401-4184 800-458-4011
	Security National Bank	804189	Iowa College Student Aid Commission
			200 - 10th Street
			4th Floor
			Des Moines, IA 50309-3609
			515-242-3344
	Other	Print, complete & mail the paper PLUS MPN to the Guarantor of your lender. you will also need to complete and return the PLUS Loan Request Form to MSU. PLUS Loan Request Form (PDF) | 2007-2008 |