To proceed with the application process for the Parent PLUS Loan Program, the student must receive and return the Financial Aid Award Notification letter to the Office of Financial Aid at ETSU and accept the offer of the loan, review and follow the steps in the enclosed PLUS Loan Preferred Lender Selection Form choosing a lender, and complete the pre-approval process. You may request your student/parent loan through any lender.  If your lender is not shown on the Lender Selection Form, you must provide ETSU with the Federal Master Promissory Note to certify.

Please be aware that the benefits offered by lenders to student loan borrowers vary and are subject to change.  Before selecting a lender, please contact various lenders of interest and review their borrower benefits to determine which lender best meets your educational borrowing needs.  The lenders listed in our Preferred Lender list have demonstrated their commitment to offering ETSU students the best overall terms and services over the life of their loan.

ETSU does not receive any monetary benefit from any lender.

HOW DOES ETSU SELECT ITS PREFERRED LENDERS?  Our preferred lenders are selected on the basis of:

·        Ability to transmit/process loan information electronically

·        Advantages offered to students

·        General student feedback, student preferences over time

·        Track record of performance with ETSU

·        General input from the business community; professional contacts in the student financial aid community, and ongoing review of appropriate professional business and trade journals

·        Determinations are made on an annual basis by the Director in close consultation with the Assistant Directors

Once the Parent PLUS Loan Loan is guaranteed, if the parent chose one of ETSU's lenders from the selection form, the parent will receive a Master Promissory Note to sign and return to the designated lender. However, the Master Promissory Note can be signed electronically at  https://clipslink.guarantorsolutions.com/esign/mainmenu.aspx?SchoolID=00348700 . Please keep in mind, the promissory note the parent receives will be a Master Promissory Note. The Master Promissory Note will not be sent to the parent again if the parent borrows multiple PLUS Loans while the student is enrolled at ETSU. The student will only need to sign the Financial Aid Notification letters as received and do the pre-approval process if there is a new award or desired increase.

Again, PLUS loans are transmitted to ETSU via EFT or Master Paper Check (depending on your lender). Per federal regulations, a credit balance after institutional charges are paid must be refunded to the parent borrower if there is NOT a completed written authorization on file. Please complete the Parent PLUS Loan Authorization Form and return to the Office of Financial Aid at ETSU in order to receive a refund to the student or the parent borrower.