Parents

Parents of dependent students may borrow a Federal Direct Parent PLUS Loan to assist with educational expenses. You parent will have steps to complete each year your parent borrows the loan. If you accept Federal Direct Parent PLUS Loan, you will have steps to complete each year. All loan requirements must be completed for the university to apply a loan to your CU Denver student account.

1. Complete Loan Application

Parents who plan to borrow a Parent PLUS Loan will need to complete an application for the credit-based loan. If your offer includes aid for both the fall and spring terms, keep in mind accepted aid is divided equally between both terms. The credit check is valid for 180 days.

 

2. Sign Master Promissory Note (MPN)

A Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees. It also explains the terms and conditions of your loan(s). An MPN is valid for 10 years.

 

3. Next Steps for Loans Approved With an Endorser or an Appeal

Borrowers of PLUS Loans approved with an endorser require the endorser to sign a MPN. Borrowers of loans approved through an appeal require the borrower to complete PLUS Credit Counseling.

 

1. Complete Loan Application

Parents who plan to borrow a Parent PLUS Loan will need to complete an application for the credit-based loan. If your offer includes aid for both the fall and spring terms, keep in mind accepted aid is divided equally between both terms. The credit check is valid for 180 days.

 

2. Next Steps for Loans Approved With an Endorser or an Appeal

Borrowers of PLUS Loans approved with an endorser require the endorser to sign a MPN. Borrowers of loans approved through an appeal require the borrower to complete PLUS Credit Counseling.