Parent PLUS Loan

Parent PLUS - Federal Direct Loan 
The Federal Direct Parent Plus Loan is offered to qualified parents of dependent undergraduate students with financial aid eligibility. For more information on a Parent PLUS Loan, please visit https://studentaid.gov/understand-aid/types/loans/plus/parent

Apply for a PLUS Loan:

• Go to https://studentaid.gov/plus-app/parent/landing  
• Log in using parent FSA ID and password and apply
• If you are a first-time borrower or if you have had an endorser on a previous PLUS loan, complete a Mastery Promissory Note (MPN)

The information that you provide will be sent to the school that you select. The school you select will use the information collected to determine your eligibility for a Direct PLUS Loan and process your application. 

• Interest Rate: Fixed at 7.54% for loans disbursed on or after July 1, 2022 and before July 1, 2023 
• Origination Fee: 4.228% for loans first disbursed on or after October 1, 2020 and before October 1, 2023
• Repayment begins: As soon as the loan is fully disbursed (unless deferred)
• Apply Online: Required
• Master Promissory Note: Required