Parent PLUS Loan Process

Loan Process

Student accepts Parent PLUS award through the Office of Student Financial Aid.
Parent borrower completes the loan application and returns it to the Student Fiscal Services Office.
Parent signs an electronic Master Promissory Note (MPN) if the parent has not borrowed from the federal PLUS loan program before, or borrowed with an Endorser previously.
The UW will request a credit check from the Direct Loan Servicer (which can take up to 15 days to receive.)
If the credit check is approved, the loan will be ready for disbursement to the parent borrower (or directly to the student, if authorized by the parent borrower) once the academic quarter begins.

I didn’t receive a PLUS application letter in the mail - how do I get one?

Where do I return the PLUS application letter?

You will receive a return envelope with the mailing of your application letter, addressed to:

Student Fiscal Services
Box 355870
Seattle, WA 98195-5870

How can my parent get help when signing the electronic MPN?

For help in signing the electronic Master Promissory Note, contact Applicant Services at 1-800-557-7394.

Which parent should sign the promissory note?

First time Parent PLUS loan borrower, either parent may be the borrower and sign the Master Promissory Note (MPN) electronically.
If your parent borrowed a Parent PLUS loan last year, a new MPN is usually not required (see Note below). The continuing parent borrower must only complete and sign the loan application form verifying the data on record, and indicating the loan amount requested for the current year. This form will be mailed to you by the Student Fiscal Services Office.
Note: If your parent borrowed a Parent PLUS loan last year with an Endorser, a new promissory note for the current year is required.

A different parent is borrowing a Parent PLUS for me this year - what do they sign?

The new parent must complete the PLUS Application Letter. Either use the one received in the mail and correct the parent information with the new borrower’s information, or request a blank form by contacting Student Fiscal Services via live chat.
The new parent must sign a Master Promissory Note (MPN). This may be done electronically.

What if I prefer to sign a paper promissory note ?

Request one by contacting Student Fiscal Services via live chat, it will be mailed within approximately 5 working days. Please include the following in your request:
your student’s full name
student number or SSN
your mailing address

What if my parent borrower doesn’t pass the credit check?

The parent borrower will be notified directly by the Direct Loan Servicer, and given instructions and paperwork for re-applying with a co-signer (endorser).
For further information or details, please call Direct Loan Applicant Services: 1-800-557-7394.

Who should my parent borrower contact about Endorser status or an appeal?

How are PLUS loans repaid?

PLUS loans are repaid directly to the Direct Loan Servicer. There are several payment plan options from which the borrower may choose.

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