University of Colorado Denver | Anschutz Medical Campus

Eligibility

• Must be enrolled at least half-time in an eligible graduate or professional degree program.
• Must be a U.S. citizen or eligible non-citizen (see Student Aid Eligibility).
• Cannot be in default on any federal student loan or owe a refund on a federal student grant
• Must have a valid U.S. social security number
• Student must be registered with the Selective Service, if required. You can check requirements at www.sss.gov.
• Continuing students must meet Satisfactory Academic Progress (SAP) standards
• Must have an acceptable credit history. A credit check will be performed during the application process. Examples of adverse credit include:
  • Bankruptcy
  • Delinquent debt of 90 days or more
  • Foreclosure
  • Loan default
  • Repossession
  • Tax Lien
  • Wage Garnishment
  • Write-off of Title IV federal loan debt within preceding 5 years of PLUS Loan application

NSLDS

Your loan information will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. You can access your loan record by clicking Financial Aid Review and following the instructions. You will need your social security number and FAFSA PIN to log in.

Repayment

• The Direct Graduate PLUS Loan repayment is deferred if the student borrower is enrolled at least half-time.
• There is no grace period.
• Interest will continue to accrue while loan repayment is deferred.
• Check your account online at MyEdAccount for detailed repayment information and deferment or forbearance, and consolidation options.

Other Information

• Your lender is the U.S. Dept. of Education and you may contact lender representatives in the Direct Loan Servicing Office at 800-848-0979 or Applicant Services at 800-557-7394. if your loan was assigned to one of the Federal Loan Servicers, please contact them.
• If your application is not approved, you will be able to choose from one of the four options listed below. You may contact an advisor in the university Financial Aid Office to discuss other options.
  • Decline the Direct PLUS Loan - contact a financial aid advisor
  • Obtain an endorser
  • Appeal the credit decision
  • Undecided - contact a financial aid advisor.

• There are no annual or aggregate borrowing limits for Direct PLUS Loans. You may borrow up to the cost of attendance (the Anschutz Medical Campus) or cost of attendance (Denver Campus) minus any other financial aid you receive.
• PLUS Loan funds will first be applied to your university account to pay tuition, fees and other institutional charges. Any remaining credit balance will be refunded to you.