Ofice of Financial Aid Home Page

The Federal Direct Parent Loan for Undergraduate Students (PLUS) is available from the federal government to assist parents meet the cost of their child’s education. These loans are made to parents of dependent undergraduate students who are registered at least half time (six credits or more) who are matriculated in a degree or certificate program.

Repayment begins 60 days after the last disbursement (for example: after the Spring disbursement for a Fall/Spring loan). Eligibility is determined by the Financial Aid Office, and the amount borrowed may not exceed the cost of attendance less any other financial aid the student is eligible for.

To borrow a PLUS loan for a student, the parent must be the student’s biological or adoptive mother or father. A stepparent is also eligible to borrow a PLUS loan if his/her income and assets were reported on the FAFSA. A legal guardian is not considered a parent for financial aid purposes. The Federal Direct Loan Servicer will complete a credit check on the parent borrower prior to approval.

Additional information about PLUS Loans is available from the U.S. Department of Education at http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp?tab=funding

Students, and their parents, must first complete the Free Application for Federal Student Aid (FAFSA) for the student by using “FAFSA on the Web” at http://www.fafsa.ed.gov. Once the FAFSA has been completed, the Federal Direct Parent Loan (PLUS) application process consists of the following steps:

Step 1. Print and Complete the Request for Federal Direct PLUS Loan Form and submit it to the Schenectady County Community College Financial Aid Office.

Request for Federal Direct PLUS Loan Form
This form is in an Adobe Acrobat .pdf format. If you are unable to view .pdf files please download Adobe's free Acrobat Reader by clicking on this link: Free Adobe Acrobat Reader

Step 2. First Time Parent Borrowers Must Complete and Sign a Federal Direct PLUS Loan Master Promissory Note (MPN).

If you have already signed a Federal Direct PLUS MPN previously for SCCC or another Federal Direct Loan college (online or paper), you do not have to complete a new PLUS MPN.

Parents who have a federal PIN number (used as the parent signature on the FAFSA on the web application) are now able to sign their MPN electronically on the web at http://www.studentloans.gov. Go to: “Complete New MPN for Parent PLUS Loans”. To complete an electronic MPN, parents will need to use their PIN as an online signature.

Parents who do not have a federal PIN number may request a new or duplicate PIN at http://www.pin.ed.gov. Parents may also request the Financial Aid Office to send them a paper copy of their MPN for their signature, but there will be a delay while the MPN is printed and mailed to the parent.





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