Federal Direct PLUS Loans are available to parents for their dependent, undergraduate students.


To be eligible, the following requirements must be met:


  • The borrower must be the biological parent, stepparent or adoptive parent of the student for whom they are borrowing.

  • The student must be a dependent, undergraduate student who is enrolled at least half time at a school that participates in the Direct Loan Program.

  • The borrower cannot have an adverse credit history.

  • Both the borrower and the student must be U.S. citizens or eligible noncitizens, not in default on any federal student loan, not owing an overpayment on a federal grant and meeting other general eligibility requirements for federal student aid.


Parents may borrow up to the student's Cost of Attendance (COA), minus any financial assistance the student is already receiving. Direct PLUS loans have a fixed interest rate. Interest begins accruing on the loan immediately after the first disbursement and continues to accrue until the principal balance is paid in full.

To apply for a Direct PLUS Loan, the student must complete the Free Application for Federal Student Aid. Additional paperwork will need to be completed by the parent. Check with the student’s financial aid office to determine the specific process to follow.