Federal Direct PLUS Loans (Dependent Students Only)
PLUS loans are available for parents of dependent students to help cover a student’s Cost of Attendance. The maximum annual amount allowed for a PLUS loan is Cost of Attendance less other financial aid. Interest rate is a fixed rate of 7.90% and is charged from the time funds are disbursed to the time the loan is paid in full.
Eligibility for the PLUS loan is based on the following criteria:
NOTE: All first-time borrowers must complete a Master Promissory Note (MPN) which is available at www.studentloans.gov