Federal Direct PLUS Parent Loans

Parents of a dependent undergraduate student are eligible to borrow under the Federal Direct Parent Loan for Undergraduate Students (PLUS) program, pending credit check approval by the U.S. Department of Education.

You must be enrolled at least 6 credit hours to receive a Parent PLUS loan. An approved parent can borrow up to the total Cost of Attendance (COA) minus all financial aid and other resources received by the student. The parent borrower may also elect to defer all interest payments until completion of the student's degree program. If this option is chosen, interest will be capitalized and added to the principal at the time of repayment

2024-2025 PLUS Loan Request Form

PLUS Loan Fee Calculator

For loans disbursed on or after October 1, 2020, and before October 1, 2025, a 4.228% origination fee is deducted from each PLUS Loan disbursement. Use this calculator to determine the amount of money that you will either receive from your loan or the amount you need to request after the origination fee.

Note: This calculator does not work in Internet Explorer

*The origination fee is charged by the Department of Education for each federal student loan you receive. It is a percentage of the total loan amount you are borrowing (request/awarded amount). The loan fee is deducted proportionately from each disbursement of your loan.