Federal Direct PLUS loans

Parent Loan for Undergraduate Students

Parents of dependent students who are in need of additional funds to finance their child's education may apply for a Federal Direct Parent Loan (PLUS). The PLUS loan is borrowed through the US Department of Education.

To apply for a Parent PLUS loan, please visit https://studentloans.gov/myDirectLoan/index.action follow these steps:

  1. Sign In
  2. Click on Request a Direct PLUS Loan
  3. Select Parent Plus Loan and complete the application.

* Please visit http://www.pin.ed.gov/ prior to applying for the loan in order to obtain your PIN. This will allow parents and students to electronically sign their PLUS loan application.

*First time borrowers must submit a Master Promissory Note (MPN).

Eligibility Requirements

Parent Borrowers of a Direct PLUS Loan:

  • Must be the biological or adoptive parent of a dependent undergraduate student or the spouse of the parent whose income and assets were reported on the Free Application for Federal Student Aid (FAFSA), or would be reported if a FAFSA were filed.
  • Must not have an adverse credit history or must obtain an endorser. (An endorser is someone who agrees to repay a Direct PLUS Loan if the borrower does not repay the loan.)

And their dependent child:

  • Must be a U.S. citizen or eligible noncitizen.
  • Must not be in default on any federal education loans or owe an overpayment on a federal education grant
  • Must be enrolled at least half-time at a school that participates in the Direct Loan Program and meet the general eligibility requirements for the Federal Student Aid programs, including filing a FAFSA