Federal Direct Plus Loans



Note: An education loan is a legally binding contract that must be repaid even if you do not graduate or are unable to find a job. If necessary, borrow only what is needed.

Parent PLUS Loans are loans for parents of dependent undergraduate students that allow them to borrow up to the student's cost of attendance, minus other financial aid. Interest is charged during in-school deferment and grace periods. The borrower is responsible for the interest from the time the PLUS Loan is disbursed until it is paid in full.

You can choose to pay the interest or allow it to accrue and be capitalized. Capitalizing the interest will increase the amount you have to repay.

Dependent students whose parents have been declined for a PLUS Loan may receive an Unsubsidized Direct Loan in addition to their Subsidized Direct Loan.

To Apply for a Parent PLUS Loan:

  1. Complete a FAFSA (Free Application for Federal Student Aid).
  2. Complete an online Parent PLUS Application or visit https://www.studentloans.gov/