Federal Direct Loan (PLUS) Program General Information
In order to receive the PLUS loan, Parent borrowers will need to complete an application and electronic master promissory note (MPN) at the Direct Loan website.
The PLUS program provides educational loans to parents on behalf of their dependent undergraduate student. The maximum amount a parent may borrow on behalf of each eligible student is the average cost of attendance less any financial aid awarded per academic year. Students must have a complete financial aid file to apply for this loan.
Repayment begins 60 days after the last disbursement is made. The parent makes arrangements with the lender to begin installment payments, including interest at a rate not to exceed 10 percent per year.
If you have any questions, please contact the Financial Aid Office.