Plus Loan for Undergraduates
PLUS Loan for parents of dependent undergraduate students
Student Loan Primary Lender List Criteria:
Creighton University primarily uses the lender partners listed below based on several factors. Foremost, is the long experience in the student loan business each demonstrates, which in turn insures the capability to properly administer these loan options with integrity, compliance and outstanding customer service throughout the life of the loan. These lenders were originally selected as they were and still are the majority choice by Creighton students. Additionally, some lenders may offer benefits to the student such as payment on behalf of the student of required federal fees, non-capitalization of accrued interest on unsubsidized Stafford and Grad-PLUS loans and repayment incentives resulting in reduced interest rates. We continually monitor the benefits yearly to insure our lender partners provide nationally competitive benefits and a continued commitment to exceptional service to students.
Creighton University will process a PLUS loan application with any lender a parent chooses. Parents wishing to borrow PLUS loan funds through a lender not listed below will need to contact the lender for an application.
Below is a list of Creighton's primary lenders. If you wish to use one of these lenders, click on the lender name to complete your on-line PLUS MPN. The last step of your on-line loan application will be an electronic message from the lender indicating if the loan has been pre-approved or denied. If your application is approved, the lender will send an electronic notification to the CU Financial Aid Office for certification. By law, loan funds cannot be disbursed prior to the academic term start date.
If your lender in the past was Creighton Federal Credit Union, you will be required to pick a new lender for any new loans. Creighton Federal Credit Union has chosen not to participate as a lender.
PLUS loans have a fixed interest rate of 8.5%. A 3% origination fee will be deducted by the lender from each disbursement. Repayment begins within 60 days of the the last disbursement. Parents of undergraduate students can borrow up to cost of attendance less other financial aid.
Many of the lenders listed below offer borrower benefits for the PLUS program. Please review the terms on each lender's web site.
View the on-line Loan Program Guide
View a chart that shows estimated monthly loan payments