Eligibility

To qualify for Federal Direct Parent PLUS Loan, you must:

• Be a U.S. citizen or eligible non-citizen.

• Submit the 2012-2013 Free Application for Federal Student Aid (FAFSA).

• Not be in default on any type of federal loan.

• Pass a credit check conducted by the loan servicing agency.

• An applicant who is determined to have an adverse credit history may receive the loan if he/she obtains an endorser (co-signer) for the loan who passes the credit check.

• Students whose parents have applied for but were unable to receive a Parent PLUS loan are eligible to receive additional Direct Unsubsidized loan funds.

• The student is offered a Fed Direct Parent loan on his/her 2012-2013 financial aid award.

Step 1: Parent PLUS Loan Request Form

• Complete the 2012-2013 Federal Direct Parent PLUS Loan Request Form

• Submit the loan request form to UW Oshkosh Financial Aid Office:

• Loan request form will be processed by UW Oshkosh Financial Aid and information will be transmitted to the Department of Education for credit check and approval beginning mid-April.

• Department of Education will send notification to UW Oshkosh Financial Aid and the parent regarding loan approval/denial.

• If the parent is denied, he/she may pursue a co-signer. Please contact the Department of Education for details at (800) 433-3243.

Step 2:  Master Promissory Note (MPN)

NOTE: The eMPN must be completed in a single session. If you exit the eMPN before submitting, you will have to start from the beginning when you return to the site.

• The parent that signed the Federal Direct Parent PLUS Request Form is the parent that should complete the MPN. 

• The parent will be required to use his/her Department of Education PIN.  This is the same PIN the parent used to electronically sign the FAFSA.  If you do not have a PIN, you may request one from the official PIN site.

• Department of Education will send notification to UW Oshkosh Financial Aid once the MPN is completed and accepted.

• The parent will receive a disclosure statement that gives specific information about any loan UW Oshkosh plans to disburse under the MPN, including the loan amount, loan fees and expected loan disbursement dates.

Step-by-step instructions to complete Parent eMPN

1. Click here to start Parent eMPN (new browser window will open).

2. Click on 'Sign In' in Manage My Direct Loan section.

3. Sign in by entering your (the parent) personal information including your Dept of Education PIN number. (This is the same PIN you used to sign the FAFSA).

4. Click on 'Complete Master Promissory Note'.

5. Select Parent PLUS as the MPN Type Selection.

6. Your progress is recorded at the top of the page as you complete each step.

7. Enter and verify your personal information and your student's information.

8. Select Wisconsin for School State and select University of Wisconsin - Oshkosh from the dropdown and click on 'Continue'.

9. List two references and click on 'Continue'.

10. Review Section C: Borrower Request, Certifications, Authorizations, and Understandings

11. Review Section D: Promise to Pay

12. Review Section E: MPN Terms and Conditions

13. Review Section G: Important Notices

14. Place checkmark at bottom of page after reviewing all sections and click 'Continue'.

15. Review Personal and School Information and Personal references.

16. Type your name and click 'Sign'.

17. Review your Master Promissory note before submitting by clicking on HTML Version and click 'Continue'. 

Important Notes

• If you are applying for a Parent loan for more than one student, you must complete a separate application and MPN for each one.

• If the same parent applies for future Direct Parent loans for the same student, he/she will not have to complete a new MPN. Additional Direct Parent loans can be borrowed on a single MPN for up to 10 years.

• Loan funds are electronically disbursed to the student’s account to pay for education related expenses (tuition, fees, room, meal plan, etc). By signing the 2012-2013 Federal Direct Parent PLUS Loan Request Form, you give UW Oshkosh permission to issue a refund directly to the student if the disbursed amount exceeds the student’s school charges. The parent must contact UW Oshkosh Financial Aid if he/she wishes to be issued a refund in his/her name (the parent’s name).