PLUS Loans for Parents of New Students

Please carefully follow the directions listed below to apply for a Parent Loan.

All federal parent loans for the upcoming academic year will be made directly by the federal government through Direct Lending.

The amount of Parent PLUS Loan listed on your Award Letter is the maximum amount your parent is eligible to borrow.  They may borrow any amount up to this maximum.  If they choose to borrow less than the amount on your Award Letter, please put a line through the maximum amount and write the amount they wish to borrow on the Award Letter.  Please initial after the amount they wish to borrow.

Unlike Federal Stafford Loans, Parent PLUS Loans require credit approval.  There is no debt to income ratio involved in a Parent PLUS loan approval but the parent must have good credit.   There is no separate application for credit approval.  Requesting a PLUS Loan will initiate a credit check.  (If credit is not approved, the parent will have an opportunity to appeal or to obtain a cosigner for loan approval.  Parents may contact Direct Loans at 800-557-7394 for instructions.)

  1. Proceed to the federal government's Direct Lending website and sign in with FSA ID.
  2. Select "Request a Plus Loan" then choose Parent PLUS Loan.  This initiates the credit check.
  3. Complete a Master Promissory Note (MPN).