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Financial Aid

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 4.288%. Since this fee is deducted before loan funds are disbursed, the amount released will be 4.288% less than the actual loan. The origination fee will increase to 4.292% for loans first disbursed on or after October 1, 2014.
  • The interest rate is fixed at 6.41% for loans first disbursed between July 1, 2013 and June 30, 2014.  The interest rate will be 7.21% for loans first disbursed between July 1, 2014 and June 30, 2015.

Apply for a Direct PLUS Loan now.