Direct Parent PLUS Loan

View the Loan Application Process

This parent loan is available to credit-worthy parents of undergraduate students regardless of income. This loan program allows parents to borrow the difference between the cost of education and the financial assistance the student is scheduled to receive.

Priority Deadline: July 1

Credit Check Requirement

To meet the federally defined credit worthiness requirements, an applicant cannot be 90 days or more delinquent on the repayment of any debt, the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment or write off of a Title IV debt during the last five years.

If the parent receives a denied credit decision on their PLUS Loan application, there are a few of options.  Parents can add a credit-worthy endorser, appeal the credit decision, or request the Additional Unsubsidized Direct Loan for the student.


Interest begins to accrue after the first disbursement, and payment of principal and interest begins 60 days after the final disbursement. For loans disbursed after July 1, 2008, parents can apply for an in-school deferment as long as their student is enrolled at least half-time.



On or after July 1, 2020 and
before July 1, 2021

Parent PLUS Loan  5.30%


On or after July 1, 2019 and
before July 1, 2020
Parent PLUS Loan  7.08%



Origination Fee

All Direct PLUS Loans are subject federal origination fee which is subtracted from the loan at the time of disbursement.

First Disbursement Loan Fee Fee on a Loan Amount Of
On or after October 1, 2019 and 
before October 1, 2020
4.236%  $423.60 on a $10,000 loan

Annual Loan Amount

When completing the loan application, the parent will have the option to either:

  • "specify a loan amount" OR
  • "borrow the maximum Direct PLUS Loan amount for which I am eligible, as determined by the school"

If the parent selects to borrow the maximum, please be advised the Office of Financial Aid will increase the loan amount beyond what is listed on the student’s award letter based on the student’s eligibility. If an adjustment to the amount is needed for any reason, the parent must complete and submit a Loan Change Request Form before the start of the term.