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11.10.09 | Grad Plus MPN at Foreign Schools

Posted in Graduate Loans by David Bonvie

A graduate or professional student attending an eligible foreign institution will only be able to use the multi-year feature of the PLUS MPN if the school has been expressly approved by the Department to have its student and parent borrowers do so.

No eligible foreign institution is approved for this purpose at the current time. As a result, until the Department approves foreign institutions for this purpose, a graduate or professional student PLUS borrower attending an eligible foreign institution will need to sign a new PLUS MPN for each new loan period.  So basically, you need to apply and submit a new MPN each year.


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