Federal Direct Parent PLUS Loan

The Federal Parent PLUS Loan is an alternative loan option for parents or stepparents of dependent students. 

7.21% Fixed Interest Rate

4.292% Origination Fee

Federal Direct Parent PLUS Loan Eligibility:

  • A valid student FAFSA is required 
  • If the student is selected for verification, that process must be complete
  • Student must be enrolled at least half-time in a degree-granting program
  • Student must be meeting Satisfactory Academic Progress
  • Easiest alternative loan to qualify for
  • Parent may borrow up to the cost of attendance, less any other offered aid
  • If the Parent PLUS Loan is denied, the student may be offered up to $5000 in additional unsubsidized loan
  • Funds are sent directly to the school

To Apply for the Parent PLUS Loan:

Please read these instructions BEFORE accessing the application.

1) The parent borrower must Sign In at

      • Enter the FSA ID of the parent that is applying for this loan. 
      • If parent does not already have an FSA ID, please click here and follow the instructions to obtain one.  


2) To begin the PLUS Loan application, select "Request a Direct PLUS Loan"

3) Select "Parent PLUS Loan" and complete the four application steps

4) If loan is approved, the parent borrower must complete a Master Promissory Note while logged into

For Academic year 2014-2015, select the 2014-2015 Award Year 

For Summer 2015, select the 2014-2015 Award Year, with a loan period of 5/2015 - 8/2015. 

Applications for 2015-2016 will be available on May 1, 2015

Frequently Asked Federal Direct Parent PLUS Loan Questions