Federal Direct Parent Plus Loan - Undergraduates Only
The Federal Direct Parent PLUS loan is a preferred way for families of undergraduate students to cover the cost of their student's education when the cost exceeds the amount you have budgeted for this commitment. PLUS loans enable parents with good credit histories to borrow to pay the educational expenses of their dependent children. The interest rate is fixed at 7.9 percent. Generally, repayment begins 60 days after the loan is fully disbursed. Additional information about Parent PLUS loans can be found on our Loan Programs page.
If you wish to borrow a Federal Direct Parent PLUS loan, you must first submit a Free Application for Federal Student Aid (FAFSA). You will also need to complete and submit a Parent Borrower Form to the Office of Financial Aid before processing of your loan can begin.
For information regarding the option to use an incremental payment plan, please contact the Student Accounts office directly.
For more information on making payments for tuition and housing, please visit the Office of Student Accounts website.