Federal Parents' Loan for Undergraduate Students (PLUS)

The Parent Loan for Undergraduate Students (PLUS) offers parents an alternative means of financing the student's education. This program may be used to bridge the gap between cost of attendance and traditional need-based and/or merit-based assistance. Unlike the Federal Stafford Loan, the PLUS program requires that a borrower be creditworthy. Parents borrowing for the first time must complete an Application for the loan, which is the same as the Master Promissory Note (MPN).

THE APPLICATION PROCESS FOR PLUS LOANS

To apply for a PLUS loan, a parent must complete and submit the following information:

1.  Complete the Free Application for Federal Student Aid (FAFSA) which may be accessed at:  www.fafsa.ed.gov.  First you will need to obtain a pin number, if you do not already have one.  Go to:  www.pin.ed.gov.

2.  Complete Master Promissory Note (Application)  - Compare and select a lender and complete a loan application.  You have the right to select a lender that is not displayed on the list.  You can find other lenders by clicking the “Search For Other Lenders” link located in the right margin of the web page.  Be sure to electronically sign (e-sign) the application/promissory note to take advantage of the most efficient way to deliver the funds to the student’s account.   As part of the process, Lehigh University Office of Financial Aid will certify enrollment, cost of attendance, and other aid received.

Since the lenders reserve the right to change or discontinue loan programs at any time without notice we suggest that you contact the lender directly to review the benefits and fees you may receive.