If you or your student need additional funds to cover the cost of tuition, housing (if applicable), and miscellaneous expenses then you will want to consider applying for a Parent PLUS loan
Step 1: Complete the online PLUS application at: www.studentloans.gov
- PARENT signs in with his/her FSA User ID and password.
- Select ‘Request a Direct PLUS loan’
- Select ‘Parent PLUS’ & complete the application
- When the application is complete you will be notified instantly of the results. It’s recommended that you keep a copy of the results for your records. FMU will be notified electronically.
Step 2: If PLUS is APPROVED : Download a ‘PLUS Notification & Release’ form.
Step 3: If PLUS is DENIED …
Once your financial assistance file is complete, you will automatically be awarded additional loan funds in your (the student’s) name. Typically, the additional loan funds amounts are as follows:
Freshman or Sophomore $4000 year -- $2000 per semester
Junior or Senior $5000 year -- $2500 per semester
Step 4: How to determine when your PLUS or additional loan funds are on your FMU OFA account…
Go to FMU's Office of Financial Assistance (OFA) website and select ‘Check on my financial aid’. Note: If this is your first time going to our FA website, select ‘Need USERID & Password?’ to obtain your sign on information.