The allows graduate 51³Ô¹Ïs and parents of dependent 51³Ô¹Ïs to borrow long-term, low-interest funds to help meet education expenses. An absence of negative credit history must be shown to qualify for this loan. The maximum Federal Direct PLUS Loan amount is calculated by subtracting the total aid awarded to the 51³Ô¹Ï from the cost of attendance. To request the Federal Direct PLUS loan, please visit . If a parent of a dependent 51³Ô¹Ï is denied a Federal Direct PLUS loan, the 51³Ô¹Ï may be eligible for additional unsubsidized Stafford Loans. Federal Direct PLUS loans must be applied for each year, as they are not automatically renewed.
Parent PLUS Loan Details |
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9.08% fixed (effective July 1, 2024) |
| : | 4.228% (for loans disbursed prior to October 1, 2024) |
| Repayment: | Begins 60 days after loan is fully disbursed each year; options may be available for deferment |
| Borrower Requirements: |
To be an eligible Federal Direct Parent PLUS Loan borrower, you must:
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| Required | |
Graduate PLUS Loan Details |
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: |
9.08% fixed(effective July 1, 2024) |
| : | 4.228% (for loans disbursed prior to October 1, 2024) |
| Repayment: | Begins 60 days after loan is fully disbursed each year; automatic deferment may be available while enrolled at least half time |
| Borrower Requirements |
To be an eligible Federal Direct PLUS Loan borrower, you must:
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| Required | |
| Required |
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