PLUS Loan: Policy

  • Step 1:
  • Step 2:
    Select a
  • Step 3:
  • Step 4:
    Promissory Note

The SVCC Direct PLUS loan policy is established by the Coordinator of Financial Assistance to ensure a balance between serving our student and parents, meeting the requirements of federal regulations and ensuring a reasonable level of student loan debt. Section 428 of the Higher Education Amendments gives institutions permission to refuse to:

  1. Certify a loan
  2. Certify an amount less than determined need

Because SVCC is concerned about the level indebtedness incurred by Sauk Students and their parents, we have adopted the the following procedures.

Eligibility Requirements:

  1. The borrower must be a parent of the student.
  2. The parent and student must be U.S. citizens or nationals, or eligible noncitizens.
  3. The student must:
    • Be a dependent undergraduate student attending an approved college on at least a half-time basis, in an eligible program leading to a degree or certificate.
    • Maintain satisfactory academic progress as established by the college.
    • Comply with Selective Service registration requirements.
    • Neither be in default on any student loan, nor owe a refund on a grant.
  4. The student must have completed the FAFSA and completed the FAFSA process at SVCC.

2010-2011: Maximum Loan Amounts:

The maximum loan amounts were established based on a reasonable level of loan debt and the cost of attendance at SVCC. The total amount of PLUS loan that a parent may request for each academic year is $5,000. This may be done one time as a freshman and one time as a sophomore for a total of $10,000 in PLUS loans. The total amount of PLUS loans and all other financial assistance will not exceed the Sauk Valley Community College Cost of Attendance.

Periods of Eligibility:

Parents may apply for Loans for the fall, fall/spring, or spring semester. Loans are not allowed for the summer semester.

Higher Education Act of 1998:

Under this regulation, a SVCC student who stops attending or withdraws completely from classes within a semester may receive Title IV financial aid equal to the percentage of the payment period or enrollment period completed. Direct Loans are included in this act.


Parents may appeal to have a higher loan amount to the Coordinator of Financial Assistance. These appeals must be in writing to the Coordinator of Financial Assistance. All appeals will receive a response within 48 hours.

Loan requests will be accepted for processing no later than two weeks prior to the end of the semester.

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