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The Parents' Loan for Undergraduate Students (PLUS), like the Direct Loan, is offered through the U.S Department of Education.


In order for parents to borrow through the PLUS loan program, the student must file the FAFSA form and the parents must demonstrate creditworthiness. The difference between the student's Cost of Education and the student's financial aid package determines the maximum amount that can be borrowed in any given year.

How to Apply

  • Parent(s) of First-Year Students - If you are interested in pursuing the PLUS Loan, go to and complete the following processes: Request a Direct PLUS Loan, Complete Master Promissory Note.
  • Parent(s) of Continuing Students - If you have secured a PLUS Loan for this student in the past, you may do so again by going to and completing the Request a Direct PLUS Loan process (this should be the same parent who has borrowed for this student in the past.)

Once the above process is complete, the college will be notified of the loan application and Master Promissory Note (MPN) results within 3-5 business days. We ask that you complete this process by July 15 for the fall semester/full academic year borrowing, and no later than December 1 for the spring semester only borrowing.

Other Information

Funds borrowed through the PLUS program may only be used to pay current educational costs. PLUS borrowers should be aware that a federally-required 4.2% origination fee will be charged. This fee is deducted from the disbursement. Repayment of the PLUS loan begins within 60 days of the full disbursement (usually March for a full year of borrowing).

There are a variety of repayment options available and the current interest rate on the PLUS loan is 7%.