Awarding PLUS Loans

Purpose: Use this document as a reference on how to award a PLUS loan using ctcLink.

Audience:  Financial Aid staff

Awarding PLUS Loans

Navigation:  Main Menu > Financial Aid > Awards > Award Processing > Assign Awards to a Student

  1. Enter the Empl ID
  2. Enter the Academic Institution
  3. Enter the Aid Year
  4. Select the Search button.
find an existing value tab
  1. From the Award page, insert a new row.
  2. Enter the Award Sequence Nbr.

If there other awards already present on the award screen, award the PLUS loan last in the sequence so that the amount applies to the remaining Financial Need and Cost of Attendance.

  1. Enter the Action (‘B’ for Offered/Accepted).
  2. Enter the appropriate Plus Loan Item Type.
  3. Enter the Amount.
  4. Select Validate
  5. Select Post.

Process direct loans to origination and disbursement according to business processing guidelines.

Note: The Department of Education conducts credit checks once a confirmation is received by the parent borrower. The COD response file (ex: crdlxxop) includes the results of the parent borrower’s credit check information. The credit information will automatically be updated on the Manage Direct Loan Application page once the response file is successfully loaded into ctcLink.

You have successfully awarded a PLUS loan.

To ensure the loan is successfully originated, remember to link the parent record to the loan.  Refer to the QRG Add Parent BioDemo.