MCC :: Financial Aid - Parent Loan for Undergraduate Students (PLUS)

Financial Aid

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TO APPLY FOR A PLUS LOAN, COMPLETE THE FOLLOWING STEPS :

		2007-2008		(July 2007 - June 2008)
1.	Complete the		or		indicating:
		2008-2009		(July 2008 - June 2008)

the student's loan period (each semester you are willing to borrow funds on behalf of the student)
total amount requested for this period (actual approved amount will be based on calculated eligibility)
the estimated exit date for the student (graduation or transfer) from Mott Community College
Use your Personal Identification Number (PIN) as your electronic signature

Complete the

Please Skip STEP 2 if you received a PLUS loan at Mott after 4/06.

The following lender is on Mott’s preferred list:

Nelnet Academic Loan

Borrowers Benefits:
Nelnet Academic Loan borrower benefits consists of:

Waiving the last 5 payments after timely regular monthly payments are made during the life of the loan.
Waiving an additional 2 payments if the borrower signs up for KwikPay.

For additional borrower benefit information, contact Nelnet at 1-877-804-3603.

Selecting a Lender:
Although you are not required to select a lender from our preferred lender list, we encourage you to do so to ensure timely electronic processing of loan funds to your student’s account at Mott. Choosing to borrow from a lender not on our preferred list will extend the processing time and receipt of funds for the loan due to the manual process involved with non-preferred lenders. If you choose to borrow from a lender not on our preferred lender list, please contact the lender directly to initiate the completion of an electronic loan application or Master Promissory Note (MPN) with them.

Date Modified:
April 17, 2008

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