Student Services

Federal Direct PLUS Loan

The Federal Government provides a PLUS (Parent Loan for Undergraduate Students) loan that enables birth, adoptive, or step-parents with no adverse credit history to borrow money to pay for the education of dependent undergraduate students enrolled at a least half-time (6 + credits).

A credit check is required for a PLUS Credit Approval.

Current interest rates for PLUS loans

Federal PLUS Loan Eligibility

To be eligible to borrow a PLUS Loan as a parent:

  • The student must complete a FAFSA (Free Application for Federal Student Assistance)
  • You must obtain an FSA ID
  • You must be a U.S. Citizen or National or Permanent Resident/Other Eligible Non-Citizen
  • You must be the biological or adoptive parent of the student
  • You must be the spouse of the student's parent and considered to be a parent in accordance with the instructions on the FAFSA for purposes of reporting income and assets
  • The student and parent must not be in default on a federal education loan or owe an overpayment on an educational grant
  • The student must be matriculating in a program of study
  • The student must be enrolled at least half-time (minimum of six credits)
  • The student must attend classes and maintain Satisfactory Academic Progress
  • You cannot have an adverse credit history
  • You must complete the Federal Direct PLUS Loan Application
  • You must complete the Federal Direct PLUS Master Promissory Note

Learn how to apply

How much money can my parents borrow?

Parents may borrow the full yearly Cost of Attendance (as established by Financial Assistance Services) minus all other eligible financial assistance.

For example, if the Cost of Attendance is $6,800 and the student receives $4,000 in other financial assistance, your parent(s) could borrow up to, but no more than, $2,800. There is no cumulative borrowing limit.


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