Office of Financial Aid

Federal Direct Parent PLUS Loan

Loan Features

  • Maximum annual loan amount = cost of attendance minus any financial aid
  • Available to custodial and non-custodial parents who are US citizens or permanent residents
  • You must file a FAFSA to be eligible
  • Standard repayment period is 10 years
  • Standard repayment begins 60 days after full loan disbursement
  • Fixed interest rate = 8.05% (2023-24)
  • Loan Origination Fee = 4.228% of loan amount
  • For Additional information, visit

How to Apply for a Federal Direct PLUS loan

To initiate a PLUS Loan application, you will need to complete the Federal Direct Parent PLUS Loan application and sign the Federal Direct PLUS Loan Master Promissory Note online at . Both the application and the Master Promissory Note must be completed for loan approval.