Parent PLUS Loans

Direct PLUS loans are referred to as Parent PLUS Loans when the borrower is a parent of a dependent student. The PLUS loan is an unsubsidized loan available to the parents to help pay for educational expenses that are not covered by other financial aid. Eligibility for the Parent PLUS Loan is as follows:

  • You must be the biological or adoptive parent (or in some cases, the stepparent) of a dependent undergraduate student enrolled at least half-time at an eligible school
  • You must not have an adverse credit history
  • You must meet the general eligibility requirements for federal student aid (Your student must also meet these requirements).

Note:  Unless they have legally adopted the dependent student, grandparents and legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student.

How To Apply For Parent PLUS Loans

Parent PLUS Application

Parent PLUS MPN

Alternative Options

If you are found to have an adverse credit history, there are a few other options that you can pursue.

  1. Obtaining an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the parent PLUS loan if you do not repay it. The endorser cannot be the child on whose behalf you are borrowing.

  2. Submitting an appeal with the U.S. Department of Education if you believe that there are extenuating circumstances relating to your adverse credit history.

  3. Upon approval for either option you will need to complete the Credit Counseling for Parent PLUS Loan Borrowers 

  4. Your student may accept an additional Direct Unsubsidized student loan. Your student will need to contact the Financial Aid Office. to submit their request. The loan amount is dependent on the year in school and are indicated below. 

Freshman (0-30 credit hours)

  • Additional $4,000 
  • Unsubsidized loan only 

Sophmore (30-59 credit hours)

  • Additional $4,000 
  • Unsubsidized loan only 

Junior (60-89 credit hours)

  • Additional $5,000 
  • Unsubsidized loan only 

Senior (90+ credit hours)

  • Additional $5,000 
  • Unsubsidized loan only