Parent PLUS loans

Parent plus loans are not awarded based on financial need. Parents of dependent undergraduate students with a good credit history may apply for the PLUS loan. Repayment starts within 60 days after the loan is fully disbursed. The PLUS loan is a low variable interest rate loan made available to parents of a dependent undergraduate student. Parents will generally be required to pass a credit check when applying for the PLUS loan.

The yearly limit of the PLUS loan cannot exceed cost of attendance minus other financial aid. Repayment starts within 60 days after the loan is fully disbursed. There is no grace period for these loans.

A parent who wishes to apply for a Parent PLUS Loan may do so by completing the following steps:

1. Student must complete the FAFSA.
2. Financial Aid Office “offers” Parent Plus loan award.
3. Parent will need to complete the Direct Plus Loan Application which is located on our Online Forms webpage to receive pre-credit approval or denial decision from the Department of Education. If the Parent Plus is approved by the Department of Education, the school will certify the eligible amount.
4. Complete a Master Promissory Note (MPN) electronically at studentloans.gov.