Parent PLUS Loan Instructions
Applications for the Federal Direct Parent PLUS loan requires two important steps. Please go to StudentLoans.gov and sign in using your FSA ID and Social Security Number. After you have signed in please select:
- REQUEST A DIRECT PLUS LOAN. Be aware that loan amounts are a yearly amount and will be split equally between the fall and spring semesters unless otherwise requested. Disbursements will be applied to your student’s university account, and any funds that are in excess of the balance due will be refunded to either you or your student, according to what you indicate on the application. This step must be done every year.
- COMPLETE MASTER PROMISSORY NOTE (MPN). You will automatically be directed to complete this step after applying if you have not previously completed the MPN. If you need assistance completing the MPN, call the Direct Loan Origination Center at 1-800-557-7394.
For additional information about the Department of Education’s Parent PLUS Loan program please visit StudentLoans.gov.
If you are no longer interested in applying for a Parent PLUS Loan, please notify the Office of Financial Aid Services in writing.
Frequently Asked Questions
Once you have completed the PLUS Loan Application Process, you will automatically be notified if you have been approved or denied.
If your student receives additional financial aid and you wish to reduce or cancel your Federal Direct Parent PLUS loan, it is important that you notify the Office of Financial Aid Services in writing as soon as possible. You may cancel all or a portion of your loan after funds have been credited to your student’s account by notifying us in writing within 14 days after the date of your loan disbursement notice. Cancelling your Federal Direct Parent PLUS loan will not make your student eligible for additional unsubsidized loan amounts. If the additional financial aid received by your student results in aid that is in excess of your student's cost of attendance, our office will automatically reduce the appropriate loan fund. These loan funds will be returned to the U.S. Department of Education, and the amount returned will appear as a charge on the student's account statement.
The loan period for 2015-2016 academic year Parent PLUS loans is August 2015 - May 2016.
You may apply for additional PLUS loan funds by submitting a request in writing to the Office of Financial Aid Services. The total amount of the PLUS loan may not exceed the cost of attendance minus all other financial aid. You must indicate in your letter the amount you wish to borrow and that it is an increase to the loan you already have in place. Please note that your credit history may be reviewed again to determine your eligibility.
If a Federal Direct Parent PLUS Loan is denied because of a parent’s credit history, families have two options: parents may secure a creditworthy endorser (cosigner) for their PLUS Loan or the student may borrow an additional Federal Direct Unsubsidized Loan.
- For information about the process of using an endorser, the parent should contact the Direct Loan Servicer at 1-800-557-7394.
- To apply for the Federal Direct Unsubsidized Loan in the student’s name, the student must contact the Office of Financial Aid Services in writing. Under this option, the student is limited to borrowing a maximum of up to an additional $4,000 if he/she is a freshman or sophomore and up to an additional $5,000 if he/she is a junior or senior.