Federal Direct Parent PLUS Loan

Loan Information

The Federal Parent PLUS Loan is an alternative loan option for parents or stepparents of dependent students.


  • 7.00% Fixed Interest Rate
  • 4.276% Origination Fee

Federal Direct Parent PLUS Loan Eligibility:

  • A valid student FAFSA is required
  • If the student is selected for verification, that process must be complete
  • Student must be enrolled at least half-time in a degree-granting program
  • Student must be meeting Satisfactory Academic Progress
  • Easiest alternative loan to qualify for
  • Parent may borrow up to the cost of attendance, less any other offered aid
  • If the Parent PLUS Loan is denied, the student may be offered up to $5000 in additional unsubsidized loan
  • Funds are sent directly to the school

To Apply for the Parent PLUS Loan:

Please read these instructions before accessing the application.

  1. The parent borrower must Sign In at www.studentloans.gov

2.  Select "Parent PLUS Loan" and complete the four application steps.

3. If loan is approved, the parent borrower must complete a Master Promissory Note while logged into www.studentloans.gov

The summer PLUS loan application is now available. Select the 2016-2017 award year, then choose “Summer 05/2017-08/2017” as the loan period. 

PLUS loan applications for 2017-2018 will be accepted beginning May 1st.