Parents can borrow a Federal Parent PLUS to help pay for a student’s educational expenses as long as the student is:
Parents should not apply any earlier than 90 days before the start of the semester for which the loan is needed. Credit approvals are only viable for that amount of time. If the loan is applied for too early, the credit approval will become invalid and parents must submit a new PLUS online application for processing.
Once the application is submitted online, we will be notified electronically regarding the amount requested and whether the loan was approved or denied. The loan amount requested is assumed to be for the entire academic year. If your needs change after the PLUS loan application is submitted, please contact your financial aid counselor and detail any required updates.
In the event that a Parent PLUS loan is denied, the student may borrow an additional federal unsubsidized loan, up to $4,000 for first years and sophomores and $5,000 for juniors and seniors. The actual amount that can be borrowed is determined by a financial aid counselor based on the difference between the estimated cost of attendance and the total financial aid awarded. Students need to request these funds in writing after the parent receives notification of the denial. PLUS loan denials do not carry over to the following year; the PLUS loan must be applied for each year.