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In order to determine if you are eligible to borrow a Federal Direct PLUS Loan for your son or daughter attending Capital University, review the following requirements:
Once you meet all of the conditions mentioned above, you can apply for a Direct Parent PLUS Loan.
If your Federal Direct PLUS Loan is approved, the Department of Education will notify Capital University of this approval. This notification typically comes to the Financial Aid Office within three business days.
You must sign a Federal Direct PLUS Promissory Note before your loan can be fully processed. You can sign your Promissory Note online after your Federal Direct PLUS Loan has been pre-approved. You must have your Federal PIN to sign the Promissory Note online.
Parent borrowers are notified immediately if their Federal Direct PLUS Loan application is denied. This information is also shared with the Capital Financial Aid Office so we can assist you with other options.
As a result of a PLUS loan denial, students may be eligible to borrow up to $5,000 additional Federal Direct Unsubsidized Loan funds, depending on their grade level. If your son or daughter is interested in obtaining this additional loan assistance, you can indicate this on the PLUS application website once you learn of the credit decision. Your student should also contact Capital's Financial Aid Office.
The Federal Direct PLUS Loan is a loan for parents of dependent undergraduate students. This loan supplements the Federal Direct Student Loan Program, helping families pay the cost of post-secondary education. For more information, refer to the Student Loan Fact Sheet.
Capital University is a private four-year undergraduate institution and graduate school located in the Columbus, Ohio, neighborhood of Bexley. Copyright © 2013 Capital University