• Financial Aid
• Financial Aid Awards
• Parent Loans

Parent Loans

You can borrow a Federal Direct PLUS Loan up to the student's cost of attendance less any financial assistance the student receives for the academic year. Borrowers must be creditworthy. A credit check will be performed by the Department of Education.

Interest and Repayment

The Federal Direct PLUS Loan interest rate is fixed at 7.9%. PLUS Loan borrowers must begin repayment of principal and interest 60 days after the final loan disbursement of the academic year. A fee of up to 4% of the loan will be deducted proportionately each time a loan disbursement is made.

By Act of Congress in early 2008, parents now have the option of deferring payment on a PLUS Loan. Please go to www.studenloans.gov for more information.

Apply for a PLUS Loan

The parent borrower will be required to use his/her U.S. Department of Education issued parent PIN to complete the application. Parents who do not have a parent PIN or cannot recall their PIN should go to www.pin.ed.gov to request a duplicate PIN.

• Sign-in to www.studentloans.gov using the parent borrower's information
• Select "Request Direct PLUS Loan"

It takes 48 hours for the request to be sent to our office. We will process the PLUS Loan request as soon as possible.

Additional Requirements

All first-time PLUS Loan borrowers must also complete a PLUS Master Promissory Note (MPN). To complete the PLUS MPN:

• Sign-in to www.studentloans.gov
• Select "Complete PLUS Master Promissory Note"

Approved PLUS Loan

If you are approved to borrow the Parent PLUS Loan we will e-mail the student and parent a revised award letter reflecting the PLUS Loan the parent was approved and eligible to borrow.

Denied PLUS Loan

If you are denied the Parent PLUS Loan our Loan Counselor will e-mail the parent regarding options.