Parent PLUS Loans
Parents of undergraduate students may apply for a PLUS Loan. Verification of good credit is required.
PLUS Loan advantages include:
- Parents may borrow up to the total cost of attendance, minus any aid received
- Low variable interest rate, capped at 9%
- Interest may be tax-deductible, depending on income
- 10-year repayment plan
- Eligibility not based on need
- No collateral is required
PLUS Loan Pre-Approval
To speed up the PLUS Loan application, parents can apply for pre-approval online or call 800-666-3910. Be prepared to provide:
- Parents' and student's Social Security Number
- Name of college
- Amount you're requesting
Read our PLUS Loan Pre-Approval Guide
Once you're approved, simply complete the Parent PLUS Master Promissory Note (MPN).
Disclosures:
- To send an email that contains confidential information, please visit the Secure Message Center where there are additional instructions about whether to use Secure Email or Online Banking messaging.
