Geneva College

 

 

Direct PLUS Loans

Parent PLUS Loan

  • Borrower is parent of a dependent undergraduate student
  • Can be discharged in the event of death or disability
  • Parent must pass a credit check. If parent does not pass credit check, student can get additional Direct Unsubsidized Loan or parent can add a credit-worthy endorser (co-signer).
  • Can borrow up to the cost of education less any other aid received
  • 6.41% fixed interest rate
  • Federally mandated 4.204% fee subtracted upon disbursement
  • Repayment begins 60 days after loan is fully disbursed but payment can be deferred while student is enrolled. Parent must contact Direct Loan Servicing at 800-848-0979 to request deferment or indicate preference on loan application.
  • To apply, log into www.studentloans.gov with the parent/borrower PIN number and personal information. The Financial Aid Office will be notified of the credit decision within 1-3 days
  • Be sure to compare the Direct PLUS Loan with the Private Student Loans to see which option best suites your situation and family. For borrowers with a 750 credit score or higher, a private loan may be more cost effective.

Steps to Receive a Parent PLUS Loan:

  1. File FAFSA and apply for PLUS Loan at www.studentloans.gov.
  2. Complete PLUS Master Promissory Note (MPN) by logging into www.studentloans.gov

Direct GRAD PLUS Loan

  • Borrower is a student in a graduate program
  • Can be discharged in the event of death or disability
  • Student must pass a credit check
  • Can borrow up to the cost of education less any other aid received
  • 6.41% fixed interest rate
  • Federally mandated 4.204% fee subtracted upon disbursement
  • Automatic deferment for Grad PLUS borrower while enrolled (at least 6 credits)
  • Can be consolidated at fixed rate with other federal loans (see www.loanconsolidation.ed.gov for details)
  • Be sure to compare the Grad PLUS Loan with the Private Student Loans to see which option best suites your situation and family. For borrowers with a 750 credit score or higher, a private loan may be more cost effective.

Steps to Receive a Graduate PLUS Loan:

  1. File FAFSA and apply for PLUS Loan at www.studentloans.gov.
  2. Complete PLUS Master Promissory Note (MPN) by logging into www.studentloans.gov
  3. Complete PLUS Entrance Counseling by logging into www.studentloans.gov

For helpful loan repayment calculators and other helpful resources, visit

www.geneva.edu/object/financial_literacy.


 

Point of Excellence

All 50 states offer some form of reciprocity for certification to Geneva education graduates.

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Upcoming Events
Apr16
Chapel
Geneva chaplain Rutledge Etheridge
Metheny Fieldhouse 10:10 a.m.

Apr23
Chapel
Geneva chaplain Rutledge Etheridge
Metheny Fieldhouse 10:10 a.m.

COMMUNITY
Geneva to host National Day of Prayer breakfast
Faculty, staff, students and the community are invited to campus for prayer and breakfast on Thu., May 1 at 7:30 a.m.
ALUMNI
Celebration Weekend for the classes of ’54 and ’64
Special events for 50- and 60-year alumni are planned to coincide with Commencement.
ARTS & CULTURE
Geneva Reading Series IV: "A New, New Hope"
The final event in the series for the 2013-14 academic year will be on Apr. 23 at 7 p.m.
ARTS & CULTURE
Symphonic Band to present Spring Concert
The 68-member ensemble will perform on Apr. 26 at 7:30 p.m.
GRADUATE PROGRAMS
Justin McElhattan named 2014 Serving Leader
The award will be presented at the MSOL Serving Leaders Conference on Apr. 10.