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Federal Direct Plus Loans

The parents of dependent students may borrow funds from the Federal Direct Loan Program to help pay for the cost of their child's education. Loan amounts vary and are determined by the Office of Financial Aid at Hunter College. The maximum loan amount is the difference between the cost of attendance and the total amount of financial aid and scholarships awarded to the student.

STEP 1: FILE A FAFSA

Every parent who wishes to apply for a Federal Direct PLUS Loan should first have their child file a Free Application for Federal Student Aid (FAFSA). To complete the FAFSA, both parent and child should each obtain a Department of Education PIN to use as their electronic signatures. Once the FAFSA is processed, the student will receive a Student Aid Report (SAR) from the Central Processor. If the student requested that Hunter College be sent their FAFSA information, the Office of Financial Aid will receive an electronic record of the student's application. Please note that some students who file a FAFSA will have their application selected by the U.S. Department of Education for a process called verification. These students must provide copies of their family's federal income tax returns and additional household information to the Office of Financial Aid. Some students who file a FAFSA may also have their applications selected for review by CUNY if the application information seems incorrect or inconsistent. These students must review their application information with the Office of Financial Aid and provide explanations and/or make appropriate corrections to the application information.

STEP 2: COMPLETE A REQUEST FORM

The parent must complete a Request for a Federal Direct PLUS Loan, available here or in the Office of Financial Aid (Room 241 North). The completed form can be returned to the Office of Financial Aid (Room 241 North) in person, mailed to the office, or faxed to (212) 650-3666.

STEP 3: THE ELECTRONIC MASTER PROMISSORY NOTE (MPN)

Parent borrowers must complete a Federal Direct PLUS Loan MPN in order to receive their Direct PLUS Loan funds. This form must only be completed once during the student's time at Hunter College.

STEP 4: CREDIT CHECK, APPROVAL BY THE DEPARTMENT OF EDUCATION AND THE DIRECT LOAN SERVICER

The Office of Financial Aid at Hunter College only originates loans for applicants after the student has registered for classes, since the number of credits registered for determines the amount of the approved loan. The loan record is first sent for a credit check before processing continues. If credit is approved, the loan record is sent from CUNY to the Department of Education for approval to disburse the loan funds and to the Direct Loan Servicer, who checks the promissory note status.

Federal Direct PLUS Loan funds are disbursed by check, which will be mailed to the parent from the College’s Bursar’s Office. (Unfortunately, Direct Deposit is not currently available to parents who borrow Federal Direct PLUS Loan funds.) 

Please note that if the student has any outstanding charges owed to the College for the current year, the Bursar’s Office will deduct the amount of those charges from the loan funds before the disbursement is made.

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