PLUS - Parent or Graduate Student Loans
From UConn Student Financial Aid Services
- Federal non-need based program
- Fixed 8.5% interest rate
- Credit check conducted by lender to establish eligibility
- Parent borrowers: repayment begins 60 days after final disbursement; FAFSA is not required
- Graduate Student borrowers: may defer payment while in school; FAFSAis required
- UConn requires parent borrowers to complete the PLUS Loan Information Form
- UConn requires graduate student borrowers to complete the Grad PLUS Loan Information Form
- Borrowers use ELM to check their loan status
- Complete the PLUS MPN requirement
 View Our Suggested Federal PLUS Loan Lenders
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Parent PLUS Loan FAQs:
How do my parents apply for a loan?
Federal PLUS Loans enable parents with no adverse credit histories to borrow for each dependent child who is enrolled at least half-time. The parent can borrow up to the cost of education minus any financial aid the student receives (listed as PLUS loan eligibility on the Student Administration System). The student can accept the PLUS eligibility but the parent must complete the Parent PLUS Information Form in order for the loan to actually be certified and processed by the University. Repayment of the Federal PLUS Loan principal and interest begins 60 days after the final disbursement for the loan period.
The PLUS loan process is activated when the aid office is notified of parent interest by the student accepting the PLUS Eligibility via the Student Administration System or by the parent completing the PLUS Loan Information Form. All parents wishing to borrow a PLUS loan must complete the PLUS Loan Information Form. Parents must indicate through which lender they wish to borrow. We maintain a list of Suggested PLUS Lenders that we believe offer competitive pricing and strong customer service. You may choose to borrow through one of our suggested lenders or any other lender that participates in the PLUS Loan program. Your PLUS Loan eligibility will be certified and electronically transmitted to your lender. Your lender will contact you via email or mail with instructions to complete your Master Promissory Note (MPN).
What if my parent is not eligible for Federal PLUS Loan?
If a parent is denied for a Federal PLUS Loan, the student becomes eligible to borrow an additional Unsubsidized Federal Stafford Loan amount. Students will be notified via the Student Administration System (SA System).
Graduate Student PLUS Loans: The Deficit Reduction Act of 2005 has modified the federal PLUS program (formerly offering only loans for parents) to allow graduate students to borrow PLUS loans as well.
Qualified applicants must complete the UConn Graduate Professional PLUS Loan Information Form. Once the form is received and processed, an electronic record will be sent to the loan servicer. Applicants will receive notification to complete the promissory note from the loan servicer directly.
PLUS Loan Forms & Documents:
Included below is the required PLUS Loan Information Form and Graduate Professional PLUS Loan Information Form. To open these files, you must have a PDF viewer. We recommend
Adobe Reader.
Suggested Federal PLUS Loan Lenders
For more information on how our Suggested Lenders were chosen, please see our Lender Selection page.
Note: Some lenders offer different benefits for Parent and Graduate Student PLUS Loans. To make comparison easy for our students, we have broken down the PLUS Suggested Lenders into two sub-lists: Parent PLUS and Grad PLUS.
All benefits are subject to change at the lender's discretion. Please contact your chosen lender for the most up to date benefits.
2008-2009 Suggested Federal Parent PLUS Loan Lenders
(For loans first disbursed on or after 7/1/08; in alphabetical order) 
| Lender Name | Fees Paid by Borrower(deducted from your loan funds before funds are sent to the University) | Automatic Benefits | Benefits That Must Be Earned | Loan is Serviced By | Are loans sold? | Contact Information |
|---|---|---|---|---|---|---|
| Chase | 4% | *None - all benefits are earned | *Borrowers who choose to have their payments automatically debited will be eligible for a 0.25% interest rate reduction. | Chase | No | *Telephone = 800-487-4404 *Chase Website |
| Citibank | 3% | *The guarantor (EdFund) pays the 1% Federal Default Fee on the borrower's behalf *Borrowers will be eligible for a .50% automatic interest rate reduction at repayment. The benefit will continue as long as all payments are received within 5 days of the due date. If a borrower loses his automatic interest rate reduction due to delinquency, he has the ability to earn the benefit back an unlimited number of times. A borrower may regain the benefit by subsequently making 24 consecutive on-time monthly payments. | *Citibank will pay your last six monthly payments if all other payments are made within 5 days of the due date. *Borrowers who sign up to have their payments debited automatically will receive a .25% interest rate reduction. | Citibank | No | *Telephone = 800-967-2400 *Citibank Website |
| Citizens Bank | 4% | *None - all benefits are earned | *Borrowers who sign up to have their payments debited automatically will receive a .25% interest rate reduction. | Sallie Mae | No | *Telephone = 800-708-6684 *Citizens Website |
| Sallie Mae Ed Trust | 4% | *None - All benefits are earned | *Borrowers who sign up to have their payments debited automatically will receive a 0.25% interest rate reduction. | Sallie Mae | No | *Telephone = 888-272-5543 *Sallie Mae Website |
2008-2009 Suggested Federal Grad PLUS Loan Lenders
(For loans first disbursed on or after 7/1/08; in alphabetical order)
| Lender Name | Fees paid by borrower | Automatic Benefits | Benefits That Must Be Earned | Loan is Serviced By | Are Loans Sold? | Contact Information |
|---|---|---|---|---|---|---|
| Access Group | 3% | *The guarantor (EdFund) pays the 1% Federal Default Fee on the borrower's behalf. | *Borrowers who sign up to have their payments debited automatically will receive a .25% interest rate reduction. *Access Group will pay the last 12 monthly payments for borrowers who choose and utilize extended repayment over 25 years. | Access Group | No | *Telephone = 800-282-1550 *Access Group Website |
| Chase | 3% | *Chase pays the 1% Federal Default fee on the borrower's behalf. *Borrowers will receive a 0.10% interest rate reduction automatically at repayment. | *None - All benefits are automatic | Chase | No | *Telephone = 800-487-4404 *Chase Website |
| Citibank | 3% | *The guarantor (EdFund) pays the 1% Federal Default Fee on the borrower's behalf *Borrowers will be eligible for a .50% automatic interest rate reduction at repayment. The benefit will continue as long as all payments are received within 5 days of the due date. If a borrower loses his automatic interest rate reduction due to delinquency, he has the ability to earn the benefit back an unlimited number of times. A borrower may regain the benefit by subsequently making 24 consecutive on-time monthly payments. | *Citibank will pay your last six monthly payments if all other payments are made within 5 days of the due date. *Borrowers who sign up to have their payments debited automatically will receive .25% interest rate reduction. | Citibank | No | *Telephone = 800-967-2400 *Citibank Website |
| Citizens Bank | 4% | *None - all benefits are earned. | *Borrowers who sign up to have their payments debited automatically will receive a .25% interest rate reduction. | Sallie Mae | No | *Telephone = 800-708-6684 *Citizens Website |
| Connecticut Student Loan Foundation (CSLF) | 4% | *None - All benefits are earned | *Borrowers who sign up to have their payments debited automatically will receive a .25% interest rate reduction. | Ed Financial | No | *Telephone = 800-237-9721 *CSLF Website |
| Sallie Mae Ed Trust | 3% | *Sallie Mae will pay the 1% Federal Default Fee on the borrower's behalf. | *Borrowers who sign up to have their payments debited automatically will receive a .70% interest rate reduction. | Sallie Mae | No | *Telephone = 888-272-5543 *Sallie Mae Website |
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