*Subject to change.
Parent PLUS Direct Loan
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»Parent PLUS Direct Loan
Parents with no adverse credit may borrow a loan for their dependent child's educational costs. The loan enters repayment once the loan is fully disbursed but may be eligible for a deferment. The parent will have to contact the loan servicer for arrangements and more information.
- Non-need-based
- Student must be enrolled at least half-time
- Interest accrues while student is in school
- Payments can be deferred while student is enrolled at least half-time
- 8.94% interest rate for loans first disbursed between 7/1/2025 and 6/30/2026*
- 9.07% interest rate for loans first disbursed between 7/1/2026 and 6/30/2027*
- 4.228% origination fee for loans first disbursed between 10/1/2020 and 9/30/2027*
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How to Apply
- Accept the Parent PLUS Direct Loan
- The student will need to log into the Student Center to accept the Parent PLUS Direct Loan.
- Have a parent log on to StudentAid.gov with their FSA ID Username and password and select Apply for a Parent PLUS Loan.
- If they are approved for the loan, the parent will also need to complete a MPN. They may do this by selecting Complete Loan Agreement (Master Promissory Note) from the main page and complete the PLUS MPN for Parents.