Scholar Financial Planning. Federal Direct Parent Loan for Undergraduate Pupils (PLUS). Student Financial Services

The Federal Direct PLUS Loan is really a federal training loan that allows credit-worthy moms and dads to borrow low-interest loans due to their reliant pupil. The moms and dad may borrow as much as the pupil’s price of Attendance (COA) at Union minus any educational funding the student may get through the loan period(s).

The pupil must certanly be enrolled at minimum half-time and degree-seeking to help the moms and dad to meet the requirements to use for the PLUS Loan.

Simple tips to Apply

PRIORITY DEADLINE is 15 for Fall, November 15 for Spring and April 15 for Summer july.

  • First-time Parent PLUS BorrowerSign on to / making use of your PIN quantity obtained from the usa Dept. of Education
    • Complete “Master Promissory Note” choose Loan Type: Parent PLUS (This MPN would be legitimate for acquiring loans at Union for your pupil as much as 10 years through the date which you signal it)
    • For every loan required, you have to finish A plus application that is direct at .
    • Returning Parent PLUS Borrower
      • For every single loan requested, you have to finish A direct plus application at.
      • Terms

        First-time Direct PLUS borrowers at Union must E-Sign the Direct PLUS Master Promissory Note for every loan requested, you need to complete A plus application that is direct at

        The 2015-16 Federal Direct PLUS Loan rate of interest is fixed at 6.84per cent. Interest starts to accumulate as soon as the disbursement that is first made. Loan funds when it comes to academic year will be disbursed in two equal installments, one for the autumn and something for the springtime. An origination fee, as much as 4.292per cent, will likely be deducted by the Department of Education ahead of disbursement regarding the PLUS loan. 2016-17 rates is likely to be set because of the government that is federal June 2016. Generally speaking, repayment of Federal Direct PLUS Loans starts 60 times following the last disbursement for the institution 12 months for which it had been granted. Nonetheless, more versatile payment choices can be found by contacting the Direct Loan Servicing Center at 1-800-848-0979 or

        The complimentary Application for pupil Aid (FAFSA) must certanly be finished each in order for a Parent to apply for The PLUS Loan year.

        Loan funds are typically disbursed in equal installments. In the event that pupil has met all requirements that are federal loan funds are credited for their account within 3 days following the funds are received. If your pupil is born a credit reimbursement, it will likely be direct deposited to your bank-account the pupil put up via internet Advisor. See our Schedule of Loan Refund Dates.

        Loan Servicing

        Present Pupils

        When you yourself have questions regarding your overall or loans that are upcoming please contact the Office of educational funding at (800) 666-4348, 321-674-8070, or by e-mail at

        Previous Pupils

        Florida Tech’s workplace of Account Management acts as collector for the after loan kinds:

      • Federal Perkins Loan
      • Charles A. Frueauff Loan
      • Florida Tech Merit Loan
      • Any office of Account Management will not gather or program Stafford Loans or just about any personal loans. Please make reference to your loan documents to have use of your loan lender for services.

        The servicing for Perkins, Frueauff, and Merit Loans, including month-to-month payment, re re payment posting and application of deferments, is conducted for Florida Tech by Heartland Campus Solutions/Educational computers, Inc. (Heartland ECSI). Servicing of those loans starts each time pupil exits Florida Tech either by graduation or withdrawal.


        Workplace of Account Management staff has use of Heartland ECSI’s loan system. Loan borrowers can acquire information and then make updates with their loan account through Heartland ECSI or Account Management. The optimal way of reviewing and upgrading loan info is through Heartland ECSI’s site The staff that is knowledgeable Heartland ECSI will help you in setting up a person title and password for use of their web site. The pupil help telephone number is 888-549-3274. Our college code is “U7,” and our loan provider ID is 00146900. Heartland ECSI’s loan system now makes use of both the borrower’s social protection number and their Florida Tech SID quantity due to their loan account quantity. Heartland ECSI also provides online repayments through their site. In the event that you mail in forms, be sure to identify the account by “U7” as well as minimum the very last four digits associated with the debtor’s social security quantity or their Florida Tech student ID quantity. Loan payment checks should always be made payable to FloridaTech and mailed to Heartland ECSI at the after address:

        Florida Institute of Technologyc/o Heartland ECSIPO Box 718Wexford, PA 15090

        Florida Tech regularly uploads its pupil enrollment records into the National scholar Loan Clearinghouse. Heartland ECSI accesses the clearinghouse for pupil enrollment records. When you yourself have exited Florida Tech and tend to be going to a new college, and therefore college also uploads its enrollment documents to your clearinghouse, Heartland ECSI might be able to get your enrollment record(s) thereby applying a student deferment for you. When your new college doesn’t enrollment that is upload to your clearinghouse, you need to provide Heartland ECSI by having a paper enrollment verification from your own brand brand new college’s Registrar. You might at any right time review and printing your records through the National scholar Loan Clearinghouse website at studentclearinghouseg. Guidelines may be accompanied by pressing this link. Remember that only those schools utilising the clearinghouse will show on your own enrollment history. Also, many schools, including Florida Tech, usually do not upload a brand new semester’s enrollment documents until at the very least the third week of class. You may not find your records on the clearinghouse if you did not include your SSN on your FIT application. This case can easily be rectified by calling our Registrar’s workplace and SSN that is providing documentation. Students currently enrolled at Florida Tech may have a verification that is free of online through the Student Academics tab in Access Florida Tech by picking the PAWS website website link.

        Deferment and cancellation kinds may be downloaded through the Borrower part of Heartland/ECSI’s site. Select Forms and appear for the kind of cancellation or deferment that fits your need.

        All types are delivered to Heartland ECSI at their target shown above.