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FEDERAL PARENT PLUS APPLICATION PROCESS FOR:
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- Parents who
have borrowed a prior PLUS Loan at SU
AND
- are using
the same lender for the new loan
AND
- are borrowing
on behalf of the same son/daughter as in prior loans
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Before you Borrow |
- Use your
student's Financial
Aid Portfolio to determine how much to borrow.
- You will
be asked for your lender’s name and
6 digit lender code from your prior loan. If you are unsure
of your lender, view your prior year MPN on the HESC
web site by selecting “view/print PLUS e-MPN.”
Make note of your lender and lender code.
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| Application
Process |
Since
you already have a valid MPN on file, you will not need to do another.
However, you will need to indicate an amount to borrow and a timeframe
for your loan. If your prior credit check has expired (it is good
for 180 days), you will need to complete another one.
(Note: If your prior PLUS loans are through a lender that does not
work with HESC, please complete our Non-standard
PLUS Request Form instead of the following steps).
Complete your renewal application online at NYSHESC.
You may use the instructions below as you go through the process:
HESC Step 1 - CONSENT TO BORROWER
AUTHENTICATION
You will need your HESC PIN to complete the e-MPN. You cannot use
your student’s PIN. You will be given instructions if you do
not remember your PIN.
HESC Step 2 -
ENTER AND CONFIRM BORROWER INFORMATION
You will be asked to data enter your address, phone number, and driver’s
license information
HESC Step 3 -
SELECT SCHOOL |
- Select the
terms that you would like your loan to cover
** Tip – We recommend that you select Fall ’09–
Spring ’10. The amount that you borrow will be evenly split
between the fall and spring semesters.
- Select Syracuse
University as the school you will be attending.
If you do not select Syracuse University, we will
not receive your application!
** Tip – Select “S”, then scroll down to the
very bottom of the list.
Syracuse University (school code 00288200) is the very last school
listed.
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HESC
Step 4 - SELECT AND CONFIRM
LENDER
Select your lender from the drop-down box |
- Tip –
Be sure that the name AND code match your lender from last year!
(Many lenders have multiple codes, so it is important that you
use the correct one). If you are unsure of your lender, view
your prior year MPN and select “view/print PLUS e-MPN.”
Make note of your lender and lender code.
- What if my
lender isn't listed in the HESC MPN lender drop-down box?
If your prior PLUS loans are through a lender that does not work
with HESC, please complete our Non-standard
PLUS Request Form.
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| HESC
Step 5 - CONSENT TO CREDIT
CHECK
If your lender allows NYS HESC to perform a pre-screen credit
check, it will occur here. Check the “consent” box and
click Continue. If your lender does not allow a pre-credit check,
you will proceed to Step 8.
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| HESC
Step 6 - REVIEW CREDIT CHECK RESULTS |
- If you are
credit approved, then you will proceed to Step 8.
- If you are
credit denied, you will be asked if you would like your student
to receive additional Unsubsidized Stafford loan funds instead
(up to $4,000 for Freshmen/Sophomores or $5,000 for Juniors/Seniors).
Once you make your selection, you should click “continue”
to submit your answer but then exit the application. You do not
need to proceed with the PLUS application.
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HESC
Step 7 -
SELECT DATA
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HESC
Step 8 -
COMPLETE AND CONFIRM REQUESTED LOAN AMOUNT
Enter the amount of PLUS loan that you would like to borrow. If you
applied for the full aid year (Fall-Spring terms), this amount will
be split in half among the Fall and Spring terms.
Once you have submitted your requested amount and loan period, NYS
HESC will match your credit approval with your e-MPN already on file
from prior loans, and you will be informed that your application process
is complete.
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| What
happens next? - Go to Step
2 |
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