Federal Direct Parent Plus Loan
Parents of dependent undergraduate students and graduate students may apply for a Federal Direct PLUS Loan. The Federal PLUS Loan requires an additional application and the borrower must pass a credit check. A graduate student Federal PLUS Loan applicant must submit the Free Application for Federal Student Aid (FAFSA) for the applicable aid year.
Filing of the Free Application for Federal Student Aid (FAFSA) is required before applying for a plus or graduate plus loan.
Undergraduate dependent students are encouraged to submit the FAFSA by the March 10 Priority Application Receipt Deadline each year to maximize consideration for financial aid.
The Federal Direct PLUS Loan maximum amount is the student's cost of attendance minus any financial aid.
After a parent or graduate student borrower receives the full disbursement of the Federal Direct PLUS Loan for the school year, the repayment period begins. You will make your first payment within 60 days after the entire PLUS Loan is disbursed for a school year.
Repayment for a graduate PLUS loan borrower is deferred while you are enrolled at least half-time.