MPN for Graduate or Professional Students or Parents of a Dependent Undergraduate
A graduate or professional student or the parent of a dependent undergraduate student may borrow a Federal Direct PLUS Loan (PLUS).
PLUS loan recipients must have their credit check first approved by the Direct Loan Servicer (assuming a Master Promissory Note has never been completed) before you can go online and sign your Master Promissory Note. After you have completed the online PLUS Loan application process, have been approved for the loan, parent(s) will need to complete a Master Promissory Note.
Understand Your PLUS Loan Decision
You are receiving a PLUS to help you pay the costs of your education or your dependent student's education. You are required to complete a PLUS Master Promissory Note (MPN).
A Notice of Loan Disclosure will be sent to you outlining the amount of your loan and the anticipated disbursement dates associated with the MPN. Anytime you or UNLV adjusts the amount of your loan, a new disclosure will be sent to you. We strongly encourage you to keep all disclosure statements for your records.
There is no loan amount shown on your online PLUS Master Promissory Note. By electronically signing the MPN, you are authorizing UNLV to credit a student's account with the amount of the PLUS award.
PLUS eligibility is contingent upon a credit check that will be conducted by the U.S. Department of Education (ED). ED will notify the borrower of the credit check results. Because your PLUS is subject to a positive credit check, make sure you have other resources available to pay tuition and fees should a problem arise.
You have strong influence over the amount you borrow before and after the PLUS payment is applied. You may elect to reduce or cancel the amount of loan you want to borrow by submitting a signed statement to UNLV Financial Aid & Scholarships and, if appropriate, by returning funds to UNLV.