About Federal Direct PLUS loans

You must file a FAFSA to be considered for the Parent PLUS Loan. Parents of undergraduates must meet the following requirements to be eligible:

  • Creditworthy parents of dependent students.
  • Custodial and non-custodial parents can both borrow under the PLUS loan program.
  • Borrower must be a U.S. citizen, U.S. national or permanent resident of the United States.
  • Borrower cannot be in default on a federal education loan or owe a repayment of Federal Title IV aid.
  • Financial need is not a requirement to obtain a PLUS Loan.

PLUS Loan Application Instructions:
To apply for the Federal Direct Parent PLUS Loan, go to https://studentaid.gov/plus-app/parent/landing. 

To apply for a GRAD PLUS loan go to https://studentaid.gov/plus-app/grad/landing

Award Amounts
Plus Loan limits are determined by the estimated cost of attendance less any other aid. The amount of eligibility is listed on your Award Notification Letter. 

Federal Direct Rates and Fees
For Parent/Graduate PLUS Loans disbursed between July 1, 2024, and June 30, 2025, the interest rate is fixed at 8.083%. An origination fee of 4.228% will be deducted from the disbursement.  Loan interest rates for 2025-2026 academic year will be available after July 1, 2025. 

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