PLUS Loan Refunds
Plus Loan Refunds
Title IV of The Higher Education Act (as amended) requires that any excess PLUS Loan funds be sent to the parent borrower. Once the Student Accounts Office determines that a PLUS loan disbursement has created a credit balance, the PLUS loan refund will be mailed to the parent borrower’s address within 10 days of the disbursement date. To request funds be mailed earlier, parents or students may contact the Student Accounts Office.
If a parent would like to request that excess PLUS Loan funds to be released to their student, or returned to the lending bank, please complete and return a Plus Loan Release Authorization to the Student Accounts Office.