Parents no longer need to wait to apply for the Parent PLUS loan for the 2009/10 academic year.
The Federal Department of Education has announced the cancellation of the Competitive Loan Auction Pilot Program for Parent PLUS loans. 
Per the Federal Department of Education:  During the 2009-10 and 2010-11 award years, Parent PLUS loans under the [...]

A long-time lender associate, SmartFUNDS has announced they will no longer be participating in the Federal Family Educational Loan Program (FFELP) effective immediately.  How does this affect MSU students? Nearly 900 of our current students use SmartFUNDS  as the lender for their current student loan; these students will be required to select a new lender and to [...]

 
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CHANGES PENDING FOR THE PARENT LOAN PROGRAM (PLUS) FOR 2009/10:
 
Congress has voted to change the way FFELP PLUS loans will be processed in the future.  This change will affect only NEW PLUS loan borrowers starting in 09/10.  A new policy is being established that will assign one financial institution to [...]