All Virginia Wesleyan parents requesting a Federal Parent Loan for Undergraduate Students (PLUS) are required to complete a PLUS Pre-Approval Process every academic school year the student is in attendance.
If the PLUS loan pre-approval is denied, the Financial Aid Office will be notified and will revise the student 's Financial Aid Award indicating the additional Unsubsidized Stafford Loan the student is eligible for. If the student is a freshman or sophomore, the additional Unsubsidized Stafford loan amount is $4,000 ($6000 as of July 1, 2008)for the academic year; if a junior or senior, $5,000 ($7000 as of July 1, 2008)for the academic year.
If the PLUS loan pre-approval is approved, please choose the option that relates to your status:
Previous Parent PLUS Borrowers
Parent borrowers since 2004 (with renewed pre-approval and the same lender) have already signed a PLUS Master Promissory Note (PMPN) and are not required to sign another promissory note. The PLUS Pre-Approval completes your process. The Financial Aid Office will be notified of the approval and will add the amount you requested to the student's financial aid award record.
First-time Parent Borrowers
If you are a first-time parent borrower you should sign your PLUS Master Promissory Note (PMPN) electronically. Please follow the steps provided.
PLUS Increase/Additional Amounts
To increase or decrease the loan amount, please e-mail exact information to the Financial Aid Office at finaid@vwc.edu immediately.