How do I accept or adjust my PLUS loan financial aid award?

Accepting or Adjusting PLUS Loans

For students with PLUS Loans, you can make adjustments in order to accept a lower amount than what was originally offered.  However, before the PLUS Loan can be processed, you need to complete the PLUS Loan application on the US Department of Education Federal Student Aid website (https://studentaid.gov/plus-app/).

NOTE:  Students are able to grant proxy access for the Student Financial Portal to a parent or guardian; however, these proxies cannot adjust loans per FERPA guidelines.

 

Parent PLUS Loans

1 - Click the pencil icon next to the PLUS loan.
2 - A verification pop-up will appear requesting the last 4 digits of SSN and Date of Birth of the borrower (parent). Enter the requested information and click validate.
3 - Enter the total amounts per term you would like to accept in the boxes provided.
4 - Read through the Electronic Signature Consent Message and click ‘I Accept.’
5 - Enter your Student ID and last name to sign.
6 - Click ‘Sign & Finish.’

NOTE: The ‘Sign & Finish’ button will remain ghosted until you’ve clicked ‘I Accept’ and entered the required information.

7 - The adjusted amount will reflect in the financial tab after completing adjustments.

 

Graduate PLUS Loans

1 - Open the Financial tab & click the pencil icon next to the PLUS loan.
2 - Enter 50% of the total loan amount they wish to accept per term. For example, if they decided to accept $20,000, they would enter $10,000 per term. Then they would read/accept the electronic signature consent message, enter their Student ID & last name to sign, and then click ‘sign & finish.’
3 - The updated amount will reflect in the student portal and the admin portal on the packaging page.

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