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About

Federal Direct Loans are provided as an option to all students who submit a FAFSA. Students receive a six month grace period after they are no longer enrolled at least half time. There are two types of Federal Direct Loans:

Subsidized Loans

Loans based on demonstrated financial need. The interest rate is fixed and paid by the federal government while you are enrolled at least half time.

Unsubsidized Loans

Loans that have a fixed interest rate and begin to accrue while the student is enrolled. The interest payments can be made while the student is enrolled or deferred until the student begins repayment.

Value

• $5,500 for first-year students (0-27 completed credits)
• $6,500 for sophomores (28-59 completed credits)
• $7,500 for juniors and seniors (60 and above completed credits)

More Info

Borrowers will be required to complete and a (MPN).

Eligibility

PLUS Loans are an option for parents of dependent undergraduate students. Dependent students whose parents apply and do not qualify for this loan are eligible to borrow additional unsubsidized loans up to $4,000 each of the first two years, then $5,000 each year for up to three additional years of undergraduate study.

Parent PLUS Loan Amounts

A family may be subject to the new federal Parent PLUS borrowing limits of $20,000 per student per academic year and $65,000 per student in cumulative Parent PLUS borrowing if any of the following apply:

• The student first receives a federal loan disbursement (Federal Direct Loan or Parent PLUS Loan) at ´óÏóÊÓƵ after July 1, 2026.

• The student was not enrolled at ´óÏóÊÓƵ as of June 30, 2026. Students enrolled through the end of the Spring 2026 semester at ´óÏóÊÓƵ are considered enrolled as of June 30, 2026.

• The student’s enrollment extends beyond their regularly scheduled four-year degree program.

• The student interrupts their enrollment after July 1, 2026, and later re-enrolls at ´óÏóÊÓƵ.

A family may remain eligible for the limited exception under previous Parent PLUS borrowing rules if all of the following apply:

• The student received a federal student loan disbursement prior to July 1, 2026, at ´óÏóÊÓƵ.

• The student was enrolled at ´óÏóÊÓƵ as of June 30, 2026. Students enrolled through the end of the Spring 2026 semester are considered enrolled as of June 30, 2026.

• The student remains continuously enrolled at ´óÏóÊÓƵ through completion of their regularly scheduled four-year degree program.

• The student completes their degree at ´óÏóÊÓƵ within their regularly scheduled four-year degree program.

If you qualify for the limited exception, you may borrow up to the student’s estimated cost of attendance minus any other financial aid received for the academic year.

Families who are not eligible for the limited exception should consider the annual and aggregate Parent PLUS borrowing limits when developing a long-term financing plan. Families who anticipate borrowing approximately $16,250 or more per year in Parent PLUS Loans may reach the $65,000 cumulative borrowing limit over four years.

If you expect either the annual or cumulative borrowing limits to affect your financing plans, please contact our office to discuss alternative financing options and long-term planning strategies.

For more information regarding Direct Plus Loan changes for parents, please visit the .

Interest Rate & Repayment Terms

The loan has a fixed interest rate and begins to accrue immediately. Loan repayment begins 60 days after the funds are received. Parents may elect to defer payments until six months after their student graduates or drops below half time.

More Info

For more information, visit .

Instructions

Request a loan amount (all borrowers) — This step must be completed in order to utilize the PLUS Loan. As part of the application process, you can request a specific loan amount or allow the school to determine your maximum PLUS Loan eligibility. This allows the Department of Education to perform a credit check. The school will receive electronic notification within 24 hours of completion.

1. Go to .
2. The parent borrower needs to sign in using their FSA ID.
3. After you sign in, select Apply for a Direct PLUS Loan, then start the Direct Plus Loan Application for Parents.