Skip to main content

Federal Direct PLUS Parent Loans

Parents of a dependent undergraduate student are eligible to borrow under the Federal Direct Parent Loan for Undergraduate Students (PLUS) program, pending credit check approval by the U.S. Department of Education.

You must be enrolled at least 6 credit hours to receive a Parent PLUS loan. An approved parent can borrow up to the total Cost of Attendance (COA) minus all financial aid and other resources received by the student. The parent borrower may also elect to defer all interest payments until completion of the student's degree program. If this option is chosen, interest will be capitalized and added to the principal at the time of repayment

2019-20 Academic Year PLUS Loan Application Process

Summer 2019 PLUS Application Process


PLUS Loan Fee Calculator

A 4.248% origination fee is deducted from each PLUS Loan disbursement. This means the money you receive will be less than the amount you actually borrow. For example, if you need $1,000 to disburse, you will need to borrow $1,045.

Note: This calculator does not work in Internet Explorer

Enter the Net Amount you wish to receive below and the calculator will display the appropriate gross loan amount.

Net Loan Amount to Disburse:
Gross Loan Amount to Borrow: $