Determine Loan Amount
Determine the amount you need to borrow through a Direct PLUS Loan for the entire school year. A 4.228% fee will be subtracted from the amount borrowed.
One half of the amount that you borrow (minus 4.228% fee) will be disbursed to Wisconsin Lutheran College for your student's first semester bill. The other one half of the amount (minus 4.228% fee) will be disbursed for your student's second semester bill. Loan funds are applied directly to your student's bill.
Be aware: The system will allow you to request a "maximum" amount. That amount may be more than what you need to pay your student's WLC bill for the year. If you only want to cover your student's bill, do not request "maximum."
TO APPLY FOR A PLUS LOAN AFTER MAY 1
1. Log in to studentaid.gov with PARENT FSA ID and password. Go to I'm a Parent.
2. Apply for Parent PLUS Loan.
3. First-time Plus borrower also Complete MPN (i.e. Loan Agreement) for Parent PLUS Loan.
You will receive a Disclosure Statement from the Department of Education via email or mail at the time of the first disbursement in fall. The Disclosure Statement is your confirmation that your loan has been processed. You can also view your Disclosure Statement online at studentaid.gov when the loan is first disbursed.
You have the right to cancel or lower your loan at anytime by contacting the WLC Financial Aid Office.
If your PLUS request has been denied, contact the Office of Financial Aid at Wisconsin Lutheran College at 414.443.8856 or via email.