More information regarding PLUS loans

This amount will be evenly distributed among terms that the student is expected to enroll and be eligible to receive federal aid. A PLUS loan may already be on your student's award notification. This award is predetermined based on tuition, housing, meals and books, minus student aid. You have the option to change this amount to meet your specific needs. For assistance in determining the amount to borrow, visit our budget planning guide. All disbursements are reduced by the current loan fee assessed by the Department of Education. Repayment begins after the last disbursement of the loan.

You will be notified by the Department of Education when a decision is made on your loan. If your loan is denied, the award will be canceled and an additional unsubsidized direct loan will be awarded to your student (amounts vary).

Complete terms and conditions of the Federal Direct PLUS Loan are found on the application and master promissory note, located at By signing the note you agree to the terms and conditions of the loan.

If you have questions about your PLUS loan, contact Direct Loan Applicant Services at 800.557.7394. You can inquire about disputing your credit report, clearing up adverse credit, or obtain paperwork for an endorser. If your PLUS loan is subsequently approved, it will be processed and the additional unsubsidized loan will be removed from your student's award.