SALISBURY UNIVERSITY


Financial Aid Office

How to Apply for a Graduate PLUS Loan

  • Now: Mon May 23 12:35:38 EDT 2016
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  • May 23, 2016 12:35:38 PM
  • 5-23-2016 12:35 PM
  • May 23, 2016 12:35:38 PM EDT test
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Step 1: Complete Direct Graduate PLUS Loan Credit Check
  • Go to StudentLoans.gov. (Note: This is the U.S. Department of Education's official student loan website, which has a .gov extension. Do not use StudentLoans.com, which is a commercial website.)
  • Click on Sign In.
  • Sign in with your FSA ID and password. If you do not already have an FSA ID, you will need to create one through fsaid.ed.gov.
     
  • Click on Apply for PLUS Loan
      
  • Click on Complete PLUS Request for Graduate/Professional Students
      
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Step One: School & Loan Info

  • Select the appropriate Award Year
  • Complete the student information section.
  • Answer the Deferment, Authorization of Funds and Credit Balance Questions.
  • Select Salisbury University as the school attending
  • Select a Loan Amount option. The borrower may borrow an amount up to the cost of attendance minus other financial assistances received. This amount can be obtained from your student's GullNet account. (Self Service > Campus Finances > Accept/Decline awards). If you request a loan amount greater than your eligibility, the loan will automatically be reduced to the maximum amount eligible.
  • Select the applicable Loan Period.

Step Two: Borrower Info

  • Complete each question

Step Three: Review Request

  • Review all information provided and verify it is correct prior to submitting the loan application.

Step Four: Credit Check & Submit

  • Submit your information for a credit check.
  • The results of your credit check will be available immediately. Regardless of the results an electronic confirmation will be sent to Salisbury University within 1-2 working days.
  • If your credit check has been denied you may click on "View Credit Check Details" for more information. You will also be given the options below. Choose one of these options and then click on "Continue"
    1. I do not want to pursue a Direct PLUS loan at this time.
    2. I want to obtain an endorser.
    3. I want to provide documentation of extenuating circumstance.
    4. Undecided.
  • If your credit has been approved AND you have completed an MPN for this loan and did not have an endorser on the previous Master Promissory Note, STOP, your application process is completed.
  • If your credit has been approved and you are a first time borrower or previously had an endorser, remain signed in, and complete the next two steps.
  • Make sure to click "Submit" at the end of the MPN to ensure the information is electronically sent to the Direct Loan Servicing Center. Our office will be notified, electronically, within 1-2 working days.

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Step 2: Complete Direct Graduate PLUS Loan Entrance Counseling

Note: This is for first-time borrowers only.

  • Go to StudentLoans.gov. (Note: This is the U.S. Department of Education's official student loan website, which has a .gov extension. Do not use StudentLoans.com, which is a commercial website.)
  • Click on Sign In - Student signs in with their FSA ID and password. If the student borrower does not already have an FSA ID, they will need to create one through fsaid.ed.gov.
  • Click on Complete Counseling.
     
  • Click the Entrance Counseling.
     
  • Select Salisbury University
  • Select  graduate or professional student.
     
  • Complete all steps and submit. Our office will be notified, electronically, within 1-2 working days.

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Step 3: Complete Direct Graduate PLUS Loan Promissory Note

Note: This is for first-time borrowers only.

  • Go to StudentLoans.gov. (Note: This is the U.S. Department of Education's official student loan website, which has a .gov extension. Do not use StudentLoans.com, which is a commercial website.)
  • Click on Sign In - Student signs in with their FSA ID and password. If the student borrower does not already have an FSA ID, they will need to create one through fsaid.ed.gov.
  • Click the Complete a Master Promissory Note (MPN) link.
     
  • Click on Complete PLUS MPN for Graduate/Professional Students link.
  • Make sure to click "Submit" at the end of the MPN to ensure the information is electronically sent to the Direct Loan Servicing Center. Our office will be notified, electronically, within 1-2 working days.

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