Federal Direct PLUS Loan: How to Apply

To apply for a Federal Direct PLUS Loan, you will need to log in to the U.S. Department of Education’s Direct Lending website to:

1. Request the loan (a credit check will occur) and
2. Complete a Master Promissory Note.

You will need to sign in using your SSN, date of birth, and federally assigned PIN, which is the same number used to electronically sign the FAFSA.

•  Your student must file a FAFSA before we can originate your PLUS Loan.
•  The maximum PLUS Loan amount is the student’s Cost of Attendance minus any other financial aid she/he is eligible to receive.  If you apply for an amount exceeding this maximum, we will reduce your loan at the time of origination.
•  Federal PLUS Loan funds will be evenly divided over the student’s academic year, unless the loan period given on your application indicates differently.
• The PLUS Loan origination fee is 4.0%. Since this fee is deducted before loan funds are disbursed, the amount released will be 4% less than the actual loan.
• The interest rate is fixed at 7.9%.

Apply for a Direct PLUS Loan now.