Federal Direct PLUS Loans
Process for Completing a Federal Direct PLUS Loan Application
Parents who wish to finance their son/daughter's Wheaton College education are encouraged to consider the Federal Direct PLUS loan option funded through the Federal Treasury. Parents who are applying for a Federal Direct PLUS loan will need to complete both Step 1 and Step 2 outlined below. For more information regarding the terms and conditions of the Federal Direct PLUS loan please visit our loan programs webpage or Federal Student Aid's Direct Loan information page. NOTE: Families who are applying for financial aid and have yet to receive their financial aid notification are encouraged to complete the PLUS loan process after the financial aid notification is received.
Before Direct PLUS loan proceeds can disburse to a student's account, the Office of Student Financial Services must receive both a completed Federal Direct PLUS Loan Pre-Application, and confirmation from the Department of Education that the applicant has successfully completed a loan promissory note and passed a credit check.
1. The Federal Direct PLUS Loan Pre-Application provides us with necessary information with which to process your loan. A PLUS Master Promissory Note received without a Pre-Application will result in a delay in processing. Please remember to remit the Pre-Application to the Office of Student Financial Services at 26 East Main Street, Norton, MA 02766 or fax to (508) 286-3787.
Download the Federal Direct PLUS Loan Pre-Application Form
2. The Federal Direct PLUS Loan Promissory Note is a legally binding agreement to repay a parent loan. This agreement is between the parent (not the student) and the Department of Education. A student cannot complete the Direct Parent PLUS Loan promissory note on the parent's behalf. To view some of the most commonly asked questions regarding the Federal Direct loan program, please visit Federal Student Aid. Parents who are denied a PLUS loan based on credit have two options available to them. The first option is to appeal the denial decision with Direct Loan Borrower Services (1-800-848-0979). The second option allows the student to borrow additional Unsubsidized Federal Direct Stafford loan funds. Parents who wish to have the student borrow additional Stafford loan proceeds should complete the appropriate section on the Pre-Application to avoid processing delays with the Unsubsidized Stafford Loan.
Complete a Direct PLUS Loan Master Promissory Note
If you have any questions regarding the Direct Loan programs at Wheaton College or the completion of your Direct PLUS Loan application, contact the Office of Student Financial Services at (508) 286-8232 or e-mail us at sfs@wheatonma.edu.
