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Loans - Federal Direct PLUS Loans

Federal Direct PLUS Loans are fixed-rate loans provided by the Department of Education to graduate students and parents of dependent undergraduate students. The lender must perform a minimal check of the borrower’s credit history. There is a 10-year repayment schedule and deferment options do exist. For graduate students, payments are automatically deferred while in school.  All Undergraduate and Graduate students MUST file a FAFSA in order for their eligibility to be determined.

How to Apply

You must apply for a Federal Direct PLUS loan through our office by filling out the Federal Direct PLUS Loan Application. Print the application and return it, completely filled out, to our office. Please note we cannot accept an electronic signature. For optimal functionality use Internet Explorer.

If you cannot view the PDF documents, please contact the office for an application.

Entrance Counseling

Entrance counseling is required ONLY for the Grad-PLUS Loan. Parents of undergraduate dependent students do not need to complete entrance counseling.

Interest Rates & Fees

Loans with a first disbursement date on or after July 1, 2014 will have an interest rate of 7.21%.

The origination fee for a Federal Direct PLUS Loan is 4.288%.

Parent PLUS Loan Denial

(for parents of undergraduate dependent students)

If a parent is denied a Parent Direct PLUS Loan, the student can be treated as an independent student and may be eligible for additional Unsubsidized Stafford Loans.


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