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.

Apply for a PLUS Loan:

Three term maximum Limited to financial aid eligibility
Interest rate Fixed at 7.08%
Net fee per disbursement 4.236%
Repayment begins 60 days after loan is fully disbursed (unless deferred)
Apply Online Required
Loan Agreement for a PLUS Loan (MPN) 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

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.