Applying for PLUS (Parent Loan)

All participants in this program will be required to complete a PLUS Loan Request Form (PLRF) and submit the completed document to the Office of Student Financial Services.

Families should not initiate the process with their lender. Ithaca College will initiate the process with your lender, once you have completed your PLRF.

AMS Education Loan Trust, Citibank, and Wachovia are Ithaca's preferred PLUS Loan lenders. The Office of Student Financial Services believes that all these lenders provide excellent customer service and borrower benefits. You may select another lender if you choose, however you need to be aware that the processing of your Federal PLUS Loan may be delayed as each lender conforms to distinct processing standards. If you have previously borrowed a Federal PLUS Loan for your student, you should remain with your current lender. Once we have received your completed PLRF, we will forward your request for a Federal PLUS Loan to the lender you have selected beginning in early June. After your request has been forwarded to your lender, the lender will contact you with instructions for the completion of the Federal PLUS Master Promissory Note (MPN).

Please follow our instructions carefully so that we may process and certify your loan in a timely manner.

• If your family is interested in this loan program, you must complete a PLRF.
• Return the completed PLRF to the Office of Student Financial Services by fax or mail. We are unable to process any request for a PLUS Loan without the completed PLRF.
• Do not submit a PLUS MPN to the Office of Student Financial Services. Once we have submitted your certification information to your lender, your lender will contact you with instructions about where, when and how to complete your MPN. Be sure to follow the instructions carefully so that your student account remains in good standing.
• If you are applying for other types of need-based assistance by filing the Free Application for Federal Student Aid (FAFSA), you should not submit your PLRF until you receive your financial aid package. This will ensure you borrow only what you need.
• Current PLUS Loan borrowers should remain with their present lender. If you wish to change lenders, you should contact the Office of Student Financial Services for specific instructions.

Regardless of your choice in lenders, if you wish to borrow a Federal PLUS Loan you are required to complete a PLRF. 

If you have previously borrowed a Federal PLUS Loan you should download the 2007-2008 PLUS Loan Request Form (PLRF) and forward the information to the Office of Student Financial Services.  If you have not previously borrowed a Federal PLUS Loan, please  read the information provided at the following link before completing your PLRF.

Federal PLUS Loan Information at Ithaca College (.pdf)

2008-2009 PLUS Loan Request Form (PLRF) (.pdf)

Federal PLUS Loan Features:

Maximum Eligibility:	Cost of attendance minus aid
Interest Rate:	8.5% fixed rate
Repayment Period:	10 years
Repayment Options:	Flexible repayment, deferment and forbearance options are available. You should contact the lender for specific options.

Should you have specific questions regarding the processing of your Federal PLUS Loan, you may contact the Office of Student Financial Services at 800.429.4275 or email us at finaid@ithaca.edu.