- A completed FAFSA must be on file for the student
- Go to www.studentloans.gov to complete the Direct PLUS Loan application*.
- For an Undergraduate student, the parent will need to sign in using their FSA ID and Password
- For a Graduate student, the student will sign in using their FSA ID and Password
- Complete and sign the MPN at www.studentloans.gov.
*NOTE: Your loan is not complete and will not be certified by the Office of Financial Assistance until ALL of the above steps have been completed.
If you have any questions about the Federal Direct PLUS or Federal Direct Grad PLUS Loan, please send us an email with your question, name, and Villanova University number to firstname.lastname@example.org.
Master Promissory Note
All borrowers seeking a Direct PLUS or Graduate PLUS Loan must complete a Master Promissory Note (MPN) with the U.S. Department of Education. Through a Direct PLUS Loan MPN, you may receive multiple PLUS loans over a maximum 10 year period. You have to complete the promissory note only once. Thereafter, all you need to do is supply the amount you want to borrow each year and successfully complete the credit-check process. An MPN must be completed for each student enrolled.
If borrowing a Direct PLUS loan with an endorser, please note that a new MPN will need to be signed each academic year.
You may complete your Direct PLUS MPN at www.studentloans.gov.
When you apply for a Direct PLUS Loan, the Department of Education will check your credit history. To be eligible for a Direct PLUS Loan, you must not have an adverse credit history. If you are found to have an adverse credit history, you may still borrow a Direct PLUS Loan if you get an endorser who does not have an adverse credit history.
**Beginning March 29, 2015 if you are denied a Federal Direct PLUS Loan and later approved with an endorser or through the appeal process, you must complete PLUS Loan Counseling at www.studentloans.gov. The Federal Direct PLUS Loan cannot be disbursed until the counseling has been completed.