Top of Page
Skip main navigation



  • Student must complete FAFSA
  • Dependent undergraduate students enrolled at least half time
  • Contingent upon credit approval
  • No annual or aggregate amounts, except parent may not borrow more than the difference between the student's Cost of Attendance (COA) and other financial aid the students expects to receive
  • Must meet citizenship criteria
  • Must complete a Master Promissory Note and Entrance Counseling for parent borrowers
  • For more information, visit the Department of Education's website Federal Student Aid.

Interest Rates

  • Fixed interest rate of 8.05 percent for loans first disbursed on or after July 1, 2023, and before July 1, 2024
  • Fixed interest rate of 7.54 percent for loans first disbursed on or after July 1, 2022, and before July 1, 2023
  • Interest accrues as soon as the first disbursement is made.

Loan Fees

First Disbursement Date Loan Fee
On or after Oct. 1, 2023, and before Oct. 1, 2024 4.228 percent
On or after Oct. 1, 2022, and before Oct. 1, 2023 4.228 percent

Loan Limits

  • Maximum amount is cost of attendance minus any other financial aid the student receives; no minimum award amount


Please visit the Department of Education's website for detailed information or contact the lender.

Apply for a Federal Direct Parent Loan for Undergraduate Students (PLUS)

  • Online PLUS Request Process available through the Department of Education. Parents will need their FSA ID to log in to the Department of Education's secure site.
  • The process for the 2023-2024 academic year became available on April 18, 2023. 
Return to top of page