The Direct Parent PLUS loan program is an educational loan provided by the Department of Education.

The PLUS Loan was created to assist parents of dependent students in obtaining educational loan funding.
The borrower of this loan is the parent.


  • The borrower has the option of beginning repayment on the PLUS loan either 60 days after the loan is fully disbursed or waiting until six months after the student on whose behalf the parent borrowed ceases to be enrolled at least on a half-time basis.
  • To be eligible a parent must pass a credit check.
  • The maximum amount parents can borrow is equal to the cost of attendance less any other financial aid.
  • Half of the loan is disbursed each semester.


Interest Rates for 2018-2019: 7.60%
Interest Rates for 2019-2020: 7.08%

Origination Fees:
4.248% (disbursed after October 1, 2018 and before October 1, 2019)
4.236% (disbursed after October 1, 2019 and before October 1, 2020)

  • Loan origination fees (required to be paid to the Department of Education) are deducted from each disbursement.
    For example, on a $5000 loan, $212 is subtracted resulting in a net disbursement of $4788.

Requesting a Direct Parent PLUS Loan

  1. Get your Federal Student Aid Username/Password – formerly referred to as your FAFSA PIN. Because your Username/Password serves as your electronic signature, you should not give it to anyone. If you don’t have your Username, you can retrieve it by going to Federal Student Aid ID site.
  2. Complete the Request a Parent PLUS Loan Form. Sign into using your FSA ID. Select “Request a Parent PLUS loan” from the left side bar. Complete the form, submit for the credit approval. You will receive the results in moments.
    If credit is denied, contact the financial aid office for more options.
  3. Complete and sign the Master Promissory Note (MPN) 
    First time PLUS Loan Borrowers must sign the Master Promissory Note (MPN) with the Department of Education once credit is approved. Select “Complete MPN” under “Master Promissory Note” on the left side bar of the web site.

*Repeat PLUS Loan Borrowers do not have to sign another MPN provided the previous MPN:

     A) is designated to the same student;

     B) is signed by the same parent; or

     C) does not have an endorser.

You may check if you have a valid MPN with the Department of Education by signing into the and then selecting the “Completed MPN’s” option.

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