- Academic Calendar
- General Information
- Admission Information
- Distance Admission Information
- Academic Information
- Academic Support
- Financial Information
- Financial Aid
- Financial Assistance General Information
- Financial Aid Application Deadlines
- Rights and Responsibilities of Financial Aid Recipients
- Fund Disbursements
- Satisfactory Academic Progress for Financial Aid Recipients
- Financial Aid Refund Policies
- Academic Transcript Request Policy for Student Loan Borrowers in Default
- State Financial Aid Programs
- Federal Financial Aid Programs
- Adventist University of Health Sciences Scholarships
- Veteranâ€™s Certification
- Department of Diagnostic Medical Sonography
- Department of Health and Biomedical Sciences
- Department of Nursing
- Department of Occupational Therapy
- Department of Radiologic Sciences
- Course Descriptions
The Direct PLUS is a federal credit-based loan which parents of a dependent student may borrow to help with the cost of education. Parents may be eligible to borrow up to the total cost of attendance minus other aid received. A parent is defined as a student’s natural mother or father, adoptive parent, or step-parent. A parent with an adverse credit history may be denied a Direct PLUS Loan. This is a fixed-interest-rate loan at 7.9%. This loan is also unsubsidized; consequently, interest accrues from the date of origination and is the responsibility of the parent borrower. Payment of the loan starts 60 days after the loan has been fully disbursed for the year or can be delayed at the request of the borrower until six months after the student is no longer enrolled at least half-time. Each year, the parent must complete a Direct PLUS Credit Decision Request and the Loan Request Form. The parent can borrow additional loans on a single Master Promissory Note (MPN) for up to ten years as long as there was no endorser. The Loan Request Form is available online at www.adu.edu or at the Financial Aid Office, and the loan must be certified by the Financial Aid Office while the student is enrolled at least half-time. The parent also must provide proof of U.S. citizenship or permanent resident status.
The parent will receive a disclosure statement from the Department of Education that will give the parent specific information about any loan that the school plans to disburse under the MPN, including the loan's amount, fees, and the expected disbursement dates and amounts.
To see when the dollars have been credited, the parent should have his or her student look online at my.adu.edu, Student Account. The parent or student will also receive notice in writing each time Adventist University disburses part of his or her loan funds. In addition, the University will provide information on how to cancel all or part of a student's disbursement, should the parent find the funds no longer necessary.
Parents are not eligible for Federal Direct PLUS loans while their student is on provisional admission status. Parents of students on probation will become eligible during their student’s second trimester if the student achieves a 2.00 cumulative GPA and has successfully completed 67% of the credits attempted. In most cases, the loan will be retroactive to the beginning of the first trimester for the current award year.