Office of Scholarships and Financial Aid
search icon
Twitter bird

Federal Direct Parent PLUS Loan Acceptance

Parent Responsible for the Loan:

This is a loan borrowed by the parent on behalf of the student. The parent is the borrower and is solely responsible for repaying the loan. The loan repayment obligations cannot be transferred to the student. The student has no obligation, legal or otherwise, to repay the loan. 

Right to Cancel:

You are not required to borrow and may borrow less than the amount offered. You can request that disbursed funds be canceled and returned to the lender; however, any balance created by this request must be paid to the Bursar's Office in advance.

Disbursements:

All financial aid awards are divided into two equal disbursements and paid to the student's account, half in the fall term and half in the spring term.

Deadline to Accept Loans:

Parents and/or students must accept Federal Direct Loans before the end of the academic term for which the student is registered.  If students are not registered for the spring term, their federal loans must be accepted and processed before the end of the fall term.

Important Dates: Federal loans requested after the following priority deadlines are subject to cancellation without notice:

  • December 9, 2016 is the final date to accept loans for December graduates and students not enrolled in UA courses for Spring 2017. Any loans accepted after December 9th are subject to cancellation.
  • May 4, 2017 is the deadline for accepting 2016-2017 Federal Direct Loans for students enrolled in Spring 2017 courses.
  • August 3, 2017 is the deadline for accepting 2016-2017 Federal Direct Loans for students enrolled in Summer 2017 courses.

UA determines your eligibility for the Federal Direct Parent PLUS loan, and the Department of Education confirms your credit approval status

Additional information about the Federal Direct Parent PLUS loan, including loan rates, is available here. 

 

Apply for a Federal Direct Parent PLUS Loan

Click for a walk-through of how to complete the 3 steps below:

 

Step 1 - Student Provides or Updates Parent Guest Access

Show Me How

Your student needs to assign Guest Access to the parent(s) who will apply for the Parent PLUS Loan. For financial aid purposes, the parent(s) must be given the following level of access in the Financial Info section: View All, Make Payments, Parent PLUS Loan

Give Parent Guest Access

Update Parent Guest Access

  1. Student logs into their UAccess Student Center and clicks "Guest Manager" in the lower right corner.
  2. Click Add New Guest.
  3. Create "Guest Username", activate Guest Status and assign Guest Access Control in the Financial Info section to "View All Access, Make Payment, Parent PLUS Loan." After you save, a new-user email will be sent to your parent.

To give access to additional parent(s), repeat the steps above.

  1. Student logs into their UAccess Student Center and clicks "Guest Manager" in the lower right corner.
  2. Select the applicable parent and if needed, change the parent's Guest Access Control in the Financial Info section to "View All Access, Make Payment, Parent PLUS Loan".
 

Step 2 - Parent Applies for Parent PLUS Loan via Guest Access

 
Show Me How

Note: Your student must be offered a Parent PLUS Loan for you to be able to complete the application process.

Parent logs into UAccess Guest Center. If this is your first time accessing Guest Center, refer to the new-user email for your username and password. NOTE: You must complete the first two steps below before Step 3 will be available.

  1. Navigate to the Financial tab and select Parent PLUS Loan Application at the bottom to accept the loan.
  2. Select the Award Period and enter your legal first and last name, Social Security Number, and Date of Birth, then click "Submit".
  3. Check the “Accept” box and then specify the dollar amount you wish to borrow (whole dollars only; no cents).
  4. Complete the Parent PLUS Loan Application and click “Submit".
 

Step 3 - Parent Completes Master Promissory Note (MPN)

Show Me How

Show Me How

Click here to complete your Master Promissory Note (MPN)

 

You will need to complete a new MPN if:
  • No actual loan funds were borrowed within 12 months of signing.
  • Your current MPN has expired (MPNs are only valid for ten years).
  • This is your first time borrowing a Federal Direct Parent PLUS loan at the UA.
  • This is your first time borrowing a Federal Direct Parent PLUS loan at UA for this student.

You were denied the Federal Direct Parent PLUS loan due to adverse credit and previously utilized an endorser. A MPN with an endorser is only valid for one loan; a new MPN and endorsement are required each time a Parent PLUS loan is requested.

Requesting Additional Federal Direct Parent PLUS Funds

To request that an additional Parent PLUS Loan be offered to your student, you must contact our office at askaid@email.arizona.edu or 520-621-1858.

If two different parents intend to borrow a Parent PLUS loan for the student:

  • Have the first parent accept their portion of the Parent PLUS loan. Once this has been completed contact our office to be offered a second Parent PLUS loan for the other parent to accept.
  • Your student must provide each parent with Guest Access.

Requesting Cancellation of  Your Federal Direct Parent PLUS Loan

A written request (fax: 520.621.9473, email: askaid@email.arizona.edu) is required to reduce or cancel a Parent PLUS Loan. If the funds have already disbursed to the student’s account you will be required to return the disbursed funds before the loan will be cancelled. Any account balance created as a result of the reduction or cancelation of a disbursed loan must be repaid immediately.

 

  • Office of Scholarships and Financial Aid, P.O. Box 210066, Tucson, AZ 85721
  • Phone: 520.621.1858
  • Fax: 520.621.9473