Federal Direct Parent PLUS Loan

The Federal Direct Parent PLUS Loan is offered to qualified parents of dependent undergraduate students with financial aid eligibility. Read additional information about the Parent PLUS.

Request the Parent PLUS:

  • Go to studentloans.gov (secure site)
  • Sign in using parent FSA ID and password
  • Click on APPLY FOR A DIRECT PLUS LOAN and then select loan type PARENT PLUS
  • If you are a first-time borrower or if you have had an endorser on a previous PLUS loan, complete the Master Promissory Note
Three term maximum Limited to financial aid eligibility
Interest rate Fixed at 6.31%
Net fee per disbursement 4.276%
Repayment begins 60 days after loan is fully disbursed (unless deferred)
 
Online request Required
Master Promissory Note Required

If Your PLUS Loan Request Is Denied

There are three possible courses of action:

  1. Appeal the credit decision
  2. Pursue the PLUS with an endorser (cosigner)
  3. Student requests additional unsubsidized loan in lieu of the PLUS
    • The parent e-mails our office stating they will not appeal the credit decision nor pursue the PLUS with an endorser
    • The student e-mails our office stating they wish to assume additional unsubsidized loans because the PLUS was not approved
    • We require both the student and parent to send separate requests and include full names and UO ID number

Note: the maximum amount of additional unsubsidized loans is up to $4,000 per year for students with fewer than 90 earned credit hours, and up to $5,000 per year for students with 90 or more earned credit hours.