91勛圖厙

Federal PLUS Loans

Federal Parent PLUS Loans

The Federal Parent PLUS Loan is for eligible parents of dependent undergraduate FAFSA filers.

Who is an Eligible Parent Borrower?

A dependent undergraduate students biological parent, adoptive parent, or step-parent may borrow a Federal Parent PLUS Loan to finance all or any portion of their students education. Approved applicants may borrow up to the cost of attendance (tuition, fees, room, board, books, travel expenses, and miscellaneous expenses) minus all financial aid that their student is receiving. In order to qualify for a Parent PLUS Loan, their dependent student must file a for the academic year for which the parent wishes to borrow, and their student must be enrolled in school on at least a half-time basis. A simplified credit check is required upon submission of a Parent PLUS Loan application. 

Please note that a parent can borrow a maximum of $65,000 for their student's entire academic program at 91勛圖厙. While the annual loan limit is $20,000 you should estimate no more than $12,000 your first year so that you can ensure that you have enough funding for all 4 years.

What are the Interest Rates & Fees?

The interest rate assigned is fixed, and interest accrual will begin upon disbursement; which takes place after 91勛圖厙s Add/Drop period each semester. The Parent PLUS Loan has an up-front fee, referred to as an origination fee.

For 2025-2026: The Federal Parent PLUS Loan has a fixed interest rate of 8.94% for loans disbursed July 1, 2025 to June 30, 2026. The origination fee for Parent PLUS Loans disbursed on or after October 1, 2025 and before October 1, 2026 is 4.228%.

For 2026-2027: The Federal Parent PLUS Loan has a fixed interest rate of 9.07% for loans disbursed July 1, 2026 to June 30, 2027. The origination fee for Parent PLUS Loans disbursed on or after October 1, 2026 and before October 1, 2027 is 4.228%.

Origination Fee Calculator

This calculator will assist you in determining the amount of the origination fee and how much to request if you would like the origination fee included in the loan. 91勛圖厙 encourages parent and graduate PLUS loan borrowers to request the full annual amount they intend to borrow, rather than borrowing by semester. 

How does loan repayment work. 

Parent PLUS Loan repayment can begin immediately or be deferred while the dependent student is enrolled in school on at least a half-time basis. During the application, parents are prompted to choose which option they prefer.  

By choosing the in-school deferment option, it means that the parent is not required to make payments on the Parent PLUS Loan until after the student is no longer enrolled in school on at least a half-time basis. Repayment begins once the 6-month grace period ends; which begins after the student ceases enrollment on at least a half-time basis. The standard repayment plan Parent PLUS Loans borrowers are placed on spans over 10 years; however there are a variety of other flexible repayment plan options available for federal student loan borrowers to explore. 

Application Process

Eligible parents can complete the Parent PLUS Loan application and the simplified credit assessment at . 

To get started with your Parent PLUS Loan application: 

  1. Visit studentaid.gov
  2. Sign in with your parent FSA ID
  3. Hover over "Loans and Grants
  4. Select
  5. Click the option to Start next to I am a Parent of a Student

Upon submission of the PLUS Loan application and completion of the simplified credit check, you will know right away whether your loan application has been approved or denied. The Office of Financial Aid Services at 91勛圖厙 will be notified within 24 hours and process the application results thereafter.

If Approved:

If the application was approved, the loan will be added to your student's Financial Aid Offer within 7-10 days. Approved parent borrowers must complete the Master Promissory Note (MPN) for Parent PLUS Loan borrowers to finalize ability to borrow the loan.

To complete your Parent PLUS Loan MPN:

  • Visit studentaid.gov
  • Sign in with your (parent) FSA ID
  • Hover over "Loans and Grants
  • Select Master Promissory Note (MPN)
  • Click the option to Start next to Im a Parent of an Undergraduate Student

If Denied:

If the application was denied, there are a few options!

Option 1: The student becomes eligible for an additional amount of Federal Direct Unsubsidized Loan. The amount varies from $4,000 to $5,000, depending on their grade level. 

Option 2: The applicant may appeal the loan decision. This can be done by contacting at 1-800-557-7394.

Option 3: The applicant may consider using an endorser to sign off on the loan to improve the credit decision to an approved loan.

  1. The endorser will need to create an FSA ID to log on to and endorse the parent loan application. The endorser will need to know the exact loan amount needed to sign off on, and therefore, we encourage you to contact the Office of Financial Aid Services to discuss the amount needed to cover the balance due for the year.
  2. If this option is used, the parent borrower will also need to complete on in order for the school to process the loan.

Federal Graduate PLUS Loan

Not available to students starting after July 1, 2026. Continuing students remain eligible. 

After a graduate or professional student has exhausted their loan eligibility, they may be eligible to borrow from the Federal Direct Grad PLUS Loan Program. Grad PLUS loans have an annual borrowing limit of up to the full cost of attendance minus other financial aid received. Unlike the Federal Direct Unsubsidized Loan Program, which does not rely on the borrowers credit history in any way, an approved Grad PLUS borrower cannot have an adverse credit history (e.g., bankruptcy, foreclosure, repossession, tax lien, default, or current delinquency of 90 or more days on any debt).

A graduate student may borrow a Federal Direct Graduate PLUS Loan to finance all or any portion of their education. Approved applicants may borrow up to the cost of attendance (tuition, fees, room, board, books, travel expenses, and miscellaneous expenses) minus all financial aid that they are receiving. In order to qualify for a Graduate PLUS Loan, your  must be submitted for the academic year in which you wish to borrow, and you must be enrolled in school on at least a half-time basis. A simplified credit check is required upon submission of a Graduate PLUS Loan application.

Interest Rate & Fees

The interest rate assigned is fixed, and interest accrual will begin upon disbursement; which takes place after 91勛圖厙s Add/Drop period each semester. The Graduate PLUS Loan has an up-front fee, referred to as an origination fee.

For 2025-2026: The Federal Graduate PLUS Loan has a fixed interest rate of 8.94% for loans disbursed from July 1, 2025, to June 30, 2026. The origination fee for Graduate PLUS Loans disbursed on or after October 1, 2025, and before October 1, 2026, is 4.228%.

For 2026-2027: The Federal Graduate PLUS Loan has a fixed interest rate of 9.07% for loans disbursed from July 1, 2025, to June 30, 2026. The origination fee for Graduate PLUS Loans disbursed on or after October 1, 2026, and before October 1, 2027, is 4.228%.

Repayment 

Graduate PLUS Loan repayment can begin immediately or be deferred while you are enrolled in school on at least a half-time basis. During the application, you will be prompted to choose which option you prefer.  

By choosing the in-school deferment option, it means that you are not required to make payments on your Graduate PLUS Loan until after you are no longer enrolled in school on at least a half-time basis. Repayment begins once the 6-month grace period ends; which begins after you cease enrollment on at least a half-time basis. The standard repayment plan Graduate PLUS Loans borrowers are placed on spans over 10 years; however, there are a variety of other flexible repayment plan options available for federal student loan borrowers to explore. 

Application Process

Eligible graduate students can complete the Graduate PLUS Loan application and simplified credit assessment check at . 

To get started with your Graduate PLUS Loan application: 

  1. Visit
  2. Sign in with your student FSA ID
  3. Hover over "Loans and Grants
  4. Select
  5. Click the option to Start next to Im a Graduate/Professional Student

Upon submission of the PLUS Loan application and completion of the simplified credit check, you will know right away whether your loan application has been approved or denied. The Office of Financial Aid Services at 91勛圖厙 will be notified within 24 hours and process the application results thereafter.

If Approved:

If the application was approved, the loan will be added to your Financial Aid Offer within 7-10 days. Approved borrowers must complete the Master Promissory Note (MPN) for Graduate PLUS Loan borrowers to finalize their ability to borrow the loan.

 To complete your Graduate PLUS Loan MPN:

  1. Visit
  2. Sign in with your FSA ID
  3. Hover over "Loans and Grants
  4. Select Master Promissory Note (MPN)
  5. Click the option to Start next to Im a Graduate/ Professional Student

If Denied:

If the application was denied, there are a few options!

Option 1: The applicant may appeal the loan decision. This can be done by contacting at 1-800-557-7394.

Option 2: The applicant may consider using an endorser to sign off on the loan to improve the credit decision to an approved loan.

  1. The endorser will need to create an FSA ID to log on to and endorse the student loan application. The endorser will need to know the exact loan amount needed to sign off on, and therefore, we encourage you to contact the Office of Financial Aid Services to discuss the amount needed to cover the balance due for the year.
  2. If this option is used, the borrower will also need to complete on in order for the school to process the loan