New parent borrowers wishing to apply for a Parent PLUS Federal Direct Loan need to complete the following:
- Parent PLUS Federal Direct Loan Request Form
- Federal Direct Loan Master Promissory Note (this only needs to be completed if you are a first time loan borrower) After Clicking submit on the Parent PLUS Federal Direct Loan Request Form you will be automatically linked to the Federal Direct Loans MPN website to complete the MPN.
The maximum PLUS Loan amount you can borrow is your cost of attendance minus any other financial assistance you will receive.
The interest rate for the Direct PLUS Loan is a fixed rate of 7.9%For more information visit studentaid.ed.gov