Federal Direct Parent PLUS Loan

Loan Information

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


  • 6.84% Fixed Interest Rate
  • 4.272% 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 www.studentloans.gov
  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 www.studentloans.gov

For Fall 2015 through May 2016, select the 2015-2016 Award Year