Federal Loan Process (Parents)

Parent loans can only be processed after the student has applied for and has been awarded the maximum student loan for which he or she is eligible.

Step 1.  Parents and students must complete the Free Application for Federal Student Aid on the Web at www.fafsa.ed.gov. 

Step 2.  Once the FAFSA is processed, a Student Aid Report (SAR) will be sent directly to your student for you and your student to verify the information you reported. 

Step 3.  MUW will notify your student with an award letter indicating the expected types of awards and amounts.  The student should return the award letter to notify the Financial Aid Center which lender they would like to use and how much to borrow.  Financial need is determined by evaluating the family’s ability to pay for educational costs and to determine eligibility for interest benefits.    

Step 4.  Parents can apply for a Parent Loan for Undergraduate Students (PLUS). Click here for the PLUS Loan Application If the parent is turned down for credit reasons, the student could be eligible for an additional Unsubsidized Federal Stafford Loan.

Step 5.  If approved, parents must complete the Parent Loan for Undergraduate Students Master Promissory Note and submit it to their preferred lender to complete the PLUS Loan application process.

All proceeds of the PLUS loan will apply to a students account.  Any overages will result in a refund check.  Such refunds are payable to the student, not the parent.