Graduate PLUS Loan Request 2016-2017 Award Year
Graduate PLUS Loan Request 2016-2017 Award Year A Graduate PLUS Loan is a loan that is available to graduate students through the U.S. Department of Education, who feel their educational needs will not be met utilizing an Unsubsidized loan alone. Interest begins to accrue after the first disbursement. PLUS loans cannot exceed your Cost of Attendance. You must have a valid Master Promissory Note and complete Entrance Counseling before receiving a disbursement. PLUS loans require to a credit check to determine application approval. If the credit check is denied, the student has the following options: 1.
The borrower may contact the U.S. Department of Education and provide information on extenuating circumstances relating to the adverse credit history and complete PLUS Counseling with the U.S. Department of Education. You can find further information o n this at https://studentloans.gov/myDirectLoan/whatYouNeed.action?page=credit. If the U.S. Department of Education approves the PLUS loan borrower, the Financial Aid and Scholarships Office may continue this request. The borrower will need to contact th e Financial Aid and Scholarships Office.
2.
The borrower may obtain an endorser and complete PLUS Counseling with the U.S. Department of Education. An endorser is someone who does not have an adverse credit history and agrees to repay the loan if the borrower does not repay it. You can find further information on this at https://studentloans.gov/myDirectLoan/whatYouNeed.action?page=credit.
The Financial Aid and Scholarships Office will send your loan information to the U.S. Department of Education. This information is then included in the National Student Loan Data System (NSLDS) and is accessible to you and authorized agencies, lenders, services, and institutions. You can view your complete loan and Pell Grant history in the National Student Loan Data System at www.nslds.ed.gov. Instructions
Complete SECTIONS 1-5 of this form Submit completed form to the Financial Aid Office, via email [email protected] or fax 801-734-6765
SECTION 1: Student Information Last Name
First Name
Last 4 Digits - SSN
Program / Cohort
SECTION 2: FAFSA
Submit a 2016/2017 FAFSA: www.fafsa.ed.gov/
SECTION 3: Type of Loan for 2016-2017 AY Indicate the type of loan you would like to receive for the 2016-2017 AY. Federal Direct Stafford Graduate PLUS Loan Completed Grad PLUS Application: www.studentloans.gov/ ˗ ˗ ˗
Select the 2016-2017 award year Award range should be May 2016 - August 2017 Select to receive the Maximum Amount of funds available a. If you want to receive less than what you are disbursed, it is easier to allow our Finance Office to make the adjustment, rather than requesting a specific amount up front b. For example, if you follow my directions above, and then request $1,000—you will receive about $239 each term. $1000 – 42.92 (origination fee) = $957.08 / 4 (terms) = $239.27
Completed Entrance Counseling: www.studentloans.gov/ ˗ Date: ___________ Signed Graduate PLUS Master Promissory Note: www.studentloans.gov/ ˗ Date: ___________ SECTION 4: Mailing Address
Enter your current mailing address
Address: ____________________________________________
City: _________________________
State: _____
Zip Code: __________
SECTION 5: Certification
Signature
Credit Decision: Y/N
Date
Award Year: __________
FINANCIAL AID OFFICE USE ONLY Date Range: __________ Amount: __________
Scheduled: __________
The borrower may contact the U.S. Department of Education and provide information on extenuating circumstances relating to the adverse credit history and complete PLUS Counseling with the U.S. Department of Education. You can find further information o n this at https://studentloans.gov/myDirectLoan/whatYouNeed.action?page=credit. If the U.S. Department of Education approves the PLUS loan borrower, the Financial Aid and Scholarships Office may continue this request. The borrower will need to contact th e Financial Aid and Scholarships Office.
2.
The borrower may obtain an endorser and complete PLUS Counseling with the U.S. Department of Education. An endorser is someone who does not have an adverse credit history and agrees to repay the loan if the borrower does not repay it. You can find further information on this at https://studentloans.gov/myDirectLoan/whatYouNeed.action?page=credit.
The Financial Aid and Scholarships Office will send your loan information to the U.S. Department of Education. This information is then included in the National Student Loan Data System (NSLDS) and is accessible to you and authorized agencies, lenders, services, and institutions. You can view your complete loan and Pell Grant history in the National Student Loan Data System at www.nslds.ed.gov. Instructions
Complete SECTIONS 1-5 of this form Submit completed form to the Financial Aid Office, via email [email protected] or fax 801-734-6765
SECTION 1: Student Information Last Name
First Name
Last 4 Digits - SSN
Program / Cohort
SECTION 2: FAFSA
Submit a 2016/2017 FAFSA: www.fafsa.ed.gov/
SECTION 3: Type of Loan for 2016-2017 AY Indicate the type of loan you would like to receive for the 2016-2017 AY. Federal Direct Stafford Graduate PLUS Loan Completed Grad PLUS Application: www.studentloans.gov/ ˗ ˗ ˗
Select the 2016-2017 award year Award range should be May 2016 - August 2017 Select to receive the Maximum Amount of funds available a. If you want to receive less than what you are disbursed, it is easier to allow our Finance Office to make the adjustment, rather than requesting a specific amount up front b. For example, if you follow my directions above, and then request $1,000—you will receive about $239 each term. $1000 – 42.92 (origination fee) = $957.08 / 4 (terms) = $239.27
Completed Entrance Counseling: www.studentloans.gov/ ˗ Date: ___________ Signed Graduate PLUS Master Promissory Note: www.studentloans.gov/ ˗ Date: ___________ SECTION 4: Mailing Address
Enter your current mailing address
Address: ____________________________________________
City: _________________________
State: _____
Zip Code: __________
SECTION 5: Certification
Signature
Credit Decision: Y/N
Date
Award Year: __________
FINANCIAL AID OFFICE USE ONLY Date Range: __________ Amount: __________
Scheduled: __________
