Federal PLUS loans are for graduate/professional students and parents of dependent
undergraduate students. Borrowers can use PLUS loans to help meet the cost of attendance or cover a student’s expected family contribution (the amount of money the government expects the parents and student to provide each year for the student’s education).

Per the Federal Guidelines on Federal PLUS loans, Hampton University will first apply the loan funds to the school account to pay for tuition, fees, room and board, and any other school charges. Any additional loan funds will be paid to the student as a credit balance (with your authorization) or sent to you (if the PLUS LOAN amount is greater than the overall cost of the tuition, fees, room and board). All loan funds must be used for education expenses.

If the Federal PLUS LOAN is greater than all of the total amount of the current semesters fees would a refund be issued to the person (Parent) who applied and was approved for the loan would receive a refund.

All other related financial aid (Federal student loans, grants or scholarships) are applied to the student account to cover any additional related costs for a student’s semester fees. At that time, any eligible refund would be issued to the student.