Federal PLUS Loans

Application Process

IUPUI participates in the federal Direct Loan program for all federal PLUS loans. The lender for the federal Direct Loan program is the U.S. Department of Education. The application process for a federal PLUS Loan can be completed by following these steps:

1. Complete the appropriate application and submit it to our office. This application must be
   submitted for each federal PLUS loan requested.

   2012-2013 Federal PLUS Loan Applications
   2012-2013 Parent Plus - available to parents of dependent undergraduate students for the
   2012-2013 academic year.

   2012-2013 Graduate Plus - available to graduate students for the 2012-2013 academic year.


2. The borrower’s information will be submitted for a credit check to the U.S. Department of
   Education
         • The borrower must pass the credit check in order to be eligible for the Parent or Graduate
           PLUS loan.


3. First-time borrowers must also complete a Master Promissory Note (MPN) before any funds can be applied to the student’s university account. First-time federal Graduate PLUS Loan borrowers must also complete entrance counseling.

    • Use your U.S. Department of Education issued PIN to complete an electronic MPN. This is
      the same PIN used to electronically sign the Free Application for Federal Student Aid
      (FAFSA).

    • If you do not have a PIN or if you have forgotten your PIN, you can request a PIN from the
      official PIN site.

    • If you do not have a PIN or if you have forgotten your PIN, you can request a PIN from the
      official PIN site.

Parent PLUS applicants: Your PIN is different than your student’s PIN.

Follow the instructions and provide responses to required items.

Completing your MPN online will speed up the process significantly. However, if you do not want to complete the MPN electronically, you may complete it using the paper process. If you would like to complete a paper MPN, please contact our office and we will have one mailed to you - Be sure to provide your full name and mailing address.

Estimated Sample Repayment Chart
Knowing the monthly payments for the amount you borrow is a great start. As you plan your financial future, use this table to determine your loan repayment obligations. This table shows estimated monthly PLUS loan repayments (based on the Direct Loan Standard Repayment Plan) to ensure repayment is manageable.