PLUS Loans

PLUS Loans are available to both parents of dependent undergraduate students and to graduate students. Borrowers with good credit history may borrow funds to help cover educational expenses. You may borrow up to the cost of tuition, books and fees less any other financial aid received.

This program is not based on financial need; however, all borrowers must meet credit analysis standards.

The Process

Step 1: Complete a PLUS Loan pre-approval application. A pre-approval application must be completed each year a loan is sought.

Step 2: Complete the PLUS Loan Master Promissory Note (MPN).

Start the process.

Additional Information

These loans are subject to origination fees, and repayment begins 60 days following the full disbursement of the loan. The borrower is generally allowed up to 10 years to repay the loan with a minimum $600 annual repayment.

Visit the PLUS Loan Frequently Asked Questions page for more information.