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2024-2025 Request for Direct PLUS Loan
Federal Direct PLUS Loan Request Deadlines

Request Deadlines

Disbursement Dates

2024 Fall Semester

Nov 15, 2024 (by 7:00 PM)

Oct 3, 2024 (50%)

Nov 7, 2024 (50%)

2025 Spring Semester

May 16, 2025 (by 7:00 PM)

Mar 13, 2025 (50%)

April 17, 2025 (50%)
2024-2025 Direct Loan Fees:
  • Direct Subsidized/Unsubsidized Loans: 1.057%
  • Direct PLUS Loans: 4.228%
2024-2025 Direct Loan Subsidized/Unsubsidized & Direct PLUS Loan Interest Rates:

Loan Type Borrower Type Fixed Interest Rate
Direct Subsidized & Unsubsidized Loans Undergraduate 6.53%
Direct Unsubsidized Loans Graduate or Professional 8.08%
Direct PLUS Loans Parents and Graduate or Professional Students 9.08%
2024-2025 Request for Federal Direct PLUS Loan
You have the opportunity to apply for a Federal Parent Loan for Undergraduate Students (PLUS) on behalf of your student. The following instructions provide you with information regarding the application process and a brief overview of the PLUS program.

Note: To be considered for a PLUS loan, the borrower’s dependent student must meet the following criteria:
 
  • Have filed a completed FAFSA (Mt. San Antonio College must have received the electronic record)
  • Be enrolled in at least 6 or more units
  • Be maintaining Satisfactory Academic Progress
  • Student must submit a current and complete/comprehensive Educational Plan signed by an Educational Counselor or Advisor. (Assessment Questionnaire (AQ) must be completed)
This is a two‐step application process consisting of a completed, signed PLUS application AND a signed Master Promissory Note.
 
Step 1:
Electronically submit the Federal Direct Parent PLUS Loan Application through the Mt. SAC Financial Aid Office's Adobe Sign System, which is available on the Mt. SAC Financial Aid Forms website at https://www.mtsac.edu/financialaid/forms.html. The application must be electronically submitted by the parent borrower in whose name the loan application will be made. Only one parent may sign this document.

  • Attach a copy of your unexpired driver’s license, Social Security card and Permanent Resident card, if applicable (front and back), with the application to confirm borrower information and avoid processing delays.
  • Attach the student's current and complete/comprehensive Educational Plan signed by an Educational Counselor or Advisor. (Assessment Questionnaire (AQ) must be completed)
The completed Federal Direct Parent PLUS Loan Application, including a copy of your unexpired driver’s license, Social Security card and Permanent Resident card, if applicable (front and back), and student's current and complete/comprehensive Educational Plan must be electronically submitted through the Mt. SAC Financial Aid Office's Adobe Sign System.
 
Step 2:
Once the PLUS loan application is received by the Financial Aid Office, the office will verify that the student has met the aforementioned criteria and a mandatory credit check will be performed. The parent borrower must pass the credit check to be eligible for the PLUS loan. The parent borrower will receive notification of eligibility of the PLUS loan in the form of a disclosure statement from the Direct Loan Servicing Center.
 
An Electronic Master Promissory Note (E-MPN) can be completed and signed at any time at https://studentaid.gov/. However, the submission of a Master Promissory Note does not mean the PLUS loan will be approved and/or disbursed. Note: The same parent who completed the application referenced in Step 1 above must be the one to sign the E-MPN using the parent borrower’s own individual FSA ID used to sign your student’s FAFSA.
 
Disbursement of funds to student will not occur until notification of the successfully completed credit check AND the signed E-MPN confirmation is received by the Financial Aid Office from the Direct Loan Servicing Center.
 

If you have additional questions concerning the William D. Ford Direct Loan Program or the credit check, you may visit the Federal Student Aid website at https://studentaid.gov/ or by phone at 1-800-557-7394.

Visit the Federal Student Aid website at https://studentaid.gov/ to complete: