If you wish to obtain a PLUS loan from
a lender not listed, you will need to contact your lender
of choice and request them to send an electronic certification
request through the Electronic Loan Management (ELM) system
to Clemson.
- Step 3: Clemson will
process the loan when we are electronically notified
by the lender that they possess a valid promissory note.
You will then be notified of final loan approval by
the lender. Please note that a favorable pre-screening
for a PLUS loan does not guarantee that the loan will
be approved by the lender.
Promissory Notes
First-time PLUS loan borrowers
must complete a Master Promissory Note. This note will
remain in effect through the student's undergraduate career
at Clemson. The promissory note is a legal, binding document
whereby you agree to repay the loan. If you wish to change
lenders, you will need to complete a new master promissory
note with your lender.
Disbursement
Most PLUS loan disbursements
are made via Electronic Funds Transfer from your lender
to Clemson University. These funds are applied to the
student's account with any excess being released to either
the student or parent as indicated on the PLUS Loan Supplemental
Information Form.
Changing Loan Amounts
You are encouraged to only
borrow needed funds. If the loan approval is more than
you desire, you may reduce the amount by calling the Financial
Aid Office at 864-656-2280, emailing the Financial Aid
Office at finaid@clemson.edu,
or following the directions provided by the lender on
the disclosure statement you receive.
Paper PLUS Loan Applications
If you prefer to not use
the electronic loan process, you may obtain a paper loan
application from your lender of choice and submit it directly
to the lender for processing. The lender will notify us
of your application once all required information has
been received. Please note that while processing your
loan will not be delayed, it generally takes longer to
process a paper application.
Attendance at Prior Institutions
We strongly encourage students
who have borrowed through the PLUS Loan program at other
institutions prior to attendance at Clemson to retain
their previous lenders. This will avoid making multiple
loan repayments in the future. Note:
Clemson University does not participate in the Federal
Direct Loan Program.