Federal Parent PLUS Loan

The Federal Parent PLUS Loan is an alternative loan option for parents of dependent students. The parent or stepparent of a dependent student may apply for this loan. A valid student FAFSA is required to process a Parent PLUS Loan. If student is selected for verification, that process must be completed as well. The parent borrower will be evaluated for credit-worthiness, however the credit review process is generally more lenient than private lender alternative loans. If approved, Parent PLUS Loans have a fixed 6.41% interest rate.

Federal Parent PLUS Loan:

  • Lender is the U.S. Department of Education
  • Borrower is the parent or stepparent of a dependent student
  • 6.41% fixed interest rate
  • Funds are sent directly to the school
  • Student must be enrolled at least half-time in a degree-granting program
  • Student must be meeting Satisfactory Academic Progress
  • Parent may borrow up to the cost of attendance less any other offered aid
  • Parent Borrower must complete and sign a Master Promissory Note
  • If the Parent PLUS Loan application is denied, student may be offered $4000 to $5000 in an additional unsubsidized Direct Loan. Contact the Office of Scholarships and Financial Aid for more information at (231) 591-2110.
  • Origination fee of 4.288%


For Summer 2014, select the 2013-2014 Award Year with a Loan Period of 05/2014 - 08/2014.

Parent PLUS Loan applications for the 2014-2015 award year will be available on May 1, 2014. 

To Apply for the Parent PLUS Loan:

Please read these instructions BEFORE accessing the application.

  • Click the Sign In button in the Manage My Direct Loan box
  • Enter the FAFSA PIN for the parent who is applying for this loan. (If the parent does not have a PIN, go to and apply for a PIN)
  • Begin the PLUS Loan Application Process (Request a Direct PLUS Loan)
  • Select Parent PLUS
  • Complete the four application steps


Click here to access the Parent PLUS Loan Application

Interest Rates

6.41% Fixed

4.288% Loan Origination Fee


Student must be enrolled at least half-time in a degree-granting program. (6 credit hours for undergraduate students). Parent borrower must complete and sign a Master Promissory Note.

NEW FOR FALL 2013 IF STUDENT ENROLLS less than FULL time (less than 12 credit hours for undergraduate students, less than 9 credit hours for graduate students), the cost of attendance will be adjusted based on actual enrollment after the 4th day of class. This adjustment may reduce the amount of aid that student is eligible to receive and may change the account balance due or the amount of refund. For more information on what this could mean for you, visit the Cost of Attendance page on the Financial Aid website.



PLUS Loan Master Promissory Note