The Federal Direct PLUS Loan program offers parents an excellent low-interest loan alternative for helping with the cost of their student's education. PLUS loan borrowers must pass a credit check conducted by the Direct Loan Servicing Center. If a parent application is denied as a result of the credit check, the student may be eligible for an additional Direct Unsubsidized Loan. First and second year students may borrow an additional $4000; third and fourth year students may borrow an additional $5000. Parents and their dependent child must be U.S. citizens or eligible noncitizens and not in default on any federal education loans or owe an overpayment on a federal education grant. You can find more information about these requirements in Funding Education Beyond High School: The Guide to Federal Student Aid.
1) Complete the Free Application for Federal Student Aid (FAFSA) if you have not already done so. This form is required for all federal loans. Our federal school code is 001170.
2) Complete the Federal Direct PLUS loan application.
3) Complete both sides of the Federal Direct PLUS Loan Request Form and submit it to the Office of Financial Aid.
4) Make sure to sign in and follow all instructions carefully to complete this process. You will need your U.S. Department of Education FSA ID to sign your EMPN electronically. If you do not have an FSA ID, please request one. The EMPN is valid for 10 years. Once you have signed your PLUS EMPN, electronic notification will be sent to Claremont McKenna College. You will receive a disclosure statement that gives you specific information about the total loan amount, loan fees and the expected loan disbursement dates.
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