Loans
Federal Direct Parent PLUS Loan
To borrow funds from the Federal Direct Parent PLUS program, complete the appropriate steps listed below.
Application for Parents and Students
Step One ( For Parents and Students) Complete Free Application for Federal Student Aid
Before the Financial Aid Office can process your request for a Parent PLUS Loan, the student must have a valid Free Application for Federal Student Aid (FAFSA) on file with the University of Wisconsin Eau Claire for the appropriate award year, and have responded to all requests for supplemental data (such as verification documents). If you have not filed a FAFSA, the application is available online at http://www.fafsa.ed.gov .
Step Two (For Parents and Students) Print and complete the Parent PLUS Loan application:
2008 summer Federal Parent PLUS Loan Application (pdf format) or
2008 summer Federal Parent PLUS Loan Application (MS word)
2008-2009 academic year Federal Parent PLUS Loan Application
(pdf format)
or
2008-2009 academic year Federal Parent PLUS Loan Application (MS word)
Return the completed application to:
University of Wisconsin-Eau Claire
Financial Aid Office, Schofield Hall Rm 115
PO Box 4004
Eau Claire, WI 54702-4004
Note: Average processing time for the Parent PLUS application is 2 to 3 weeks. Once our office has completed processing your application, a letter or email will be sent to you (the parent) indicating that you can now complete Step Three (below), if applicable.
To view and print the Parent PLUS Loan application forms in Adobe Portable Document Format (PDF), you will need Adobe Acrobat Reader version 5.0 . You may download Acrobat Reader for free from the Adobe website .
Step Three (For Parents) If you are a new Parent PLUS Loan borrower, complete the Parent PLUS Loan Master Promissory Note (MPN) online. ("New Parent PLUS borrower" means that you have not borrowed a Parent PLUS Loan at UW-Eau Claire for the student listed on the application.)
Before you begin:
- Obtain Your Personal Identification Number (PIN), which serves as your electronic signature on the MPN. If you applied for a PIN when your son or daughter completed the FAFSA, this is the same PIN.
- Print and complete What to Expect and the MPN worksheet (pdf format) (MS word format) to assist you with collecting the required information before starting the electronic MPN process.
- Wait until you receive a letter or email from our office, indicating that your Parent PLUS Loan application has been processed. You will not be able to complete your Parent PLUS Loan Master Promissory Note until this notification is received. Average processing time for the Parent PLUS Loan application is 2 to 3 weeks. Your son or daughter will also receive a financial aid award notice from our office, listing your Parent PLUS loan eligibility.
Complete the Parent PLUS MPN online:
- Select the link “complete the New MPN for Parent PLUS Loans” located on the left side of the page. Please allow approximately 30 minutes to complete the electronic PLUS MPN process. (Note: If you leave the web site before submitting the signed PLUS MPN and return later, you will need to start all over again.) Our office will receive your PLUS MPN electronically after it has been submitted and processed.
- Complete this Master Promissory Note only if you are borrowing a PLUS loan for the first time at UW-Eau Claire for this student or if a financial endorser was required when you applied previously. You will need to sign a separate PLUS MPN for each dependent student you are borrowing for, even if they attend the same school and have the same parent borrower.
Notes: The parent who applied for the loan must be the parent who completes the MPN. The MPN must be completed and must be error-free before the loan disbursement will be finalized by the federal loan processor. Contact the Financial Aid office at 715-836-3373 or at finaid@uwec.edu if you have any questions or concerns about your PLUS loan disbursements.
- Print a copy of the Parent PLUS MPN for your records.
