Student and Parent Loans
Federal Direct PLUS Loan
Undergraduate Students
Application Instructions
  1. File a FAFSA online at
  2. Complete a Federal Direct PLUS application online at
A federal parent loan that enables parents to borrow for each student who is a dependent and enrolled at least half-time in a degree or certificate program

US citizen or permanent resident
Satisfactory credit history (income to debt ratio is not considered)
If parents are not eligible for a PLUS loan, you, the student, may apply for an additional unsubsidized Direct Loan
Annual Limit Cost of Attendance minus other financial aid you receive
Aggregate Limit None
Interest Rate 7.6% for loans disbursed 7/1/2018 - 6/30/2019
Fees 4.248%
Source U.S. Department of Education
Disbursement EFT (Electronic Funds Transfer) to the student's billing account
Repayment Repayment begins 60 days after last academic year disbursement of loan. Note that payment can be deferred while the student is enrolled at least half-time, and for an additional six months after the student ceases to be enrolled half-time. Interest accrues and will be capitalized if not paid by the parent during deferment.

Important Benefit: Repayment may be cancelled in the event of parent or student death or total and permanent dissability.

Term of Loan Standard 10-year repayment for loan borrowing under $30,000.  Extends to 25 years over $30,000
NSLDS Access:  NSLDS is the U.S. Department of Education’s central database for Title IV student aid.  Inquiries can be made to this website for Title IV loans (Direct and Perkins) and/or Pell grants.  The site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements.  In order to use the NSLDS Student Access website, you will need to login with your FSA ID username and password.  If you do not have a username and password, you can create one on the site. 

The URL is   


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