University of Colorado Denver | Anschutz Medical Campus

Eligibility

Students:

• Must be enrolled at least half-time in an eligible undergraduate 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

Parents:

• Must be the student’s biological or adoptive parent or the student’s stepparent.
• Must be a U.S. citizen or eligible non-citizen (see Student Aid Eligibility).
• Must have a valid social security number
• Cannot be in default on any federal student loan or owe a refund on a federal student grant
• 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

National Student Loan Data System (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

• Generally, repayment begins shortly after the loan is fully disbursed. This means that you will probably have to start repayment while your student is still in school.
• Parent borrowers can "opt" to defer repayment. Interest will continue to accrue even if you were granted a deferment on the loan. Specifically, Parent Direct PLUS Loan borrowers may defer repayment:
  • While the dependent student on whose behalf the loan was obtained is enrolled on at least a half-time basis, and
  • During the 6-month period after the dependent student on whose behalf the loan was obtained ceases to be enrolled on at least a half-time basis.
  • To request a deferment, contact the Direct Loan Servicing Center (DLSC) at 800-848-0979 or Applicant Services at 800-557-7394.

More information is available on Student Aid on the Web under Repaying Your Loans.

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 the university's 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 (Denver Campus) or cost of attendance (College of Nursing) minus any other financial aid your student receives.
• PLUS Loan funds will first be applied to the student’s university account to pay tuition, fees and other institutional charges. Any remaining credit balance will be refunded to you or your student as designated on your application.