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Financial Aid Office

 

 

Federal Parent PLUS Loan

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Parents can borrow a loan to help pay for the cost of their child's education. The loan will be in the parent's name and will be based on credit history.

Loan Terms

  • 6.41% fixed interest rate, capped at 9%.
  • 4.2880% origination fee deducted from the principal loan amount at the time of disbursement.
  • Repayment begins within 30 days of final disbursement.
  • In-school deferment is available.
  • To apply for a Federal Direct Parent Plus Loan, a parent will need to sign in with their federal PIN number and complete the PLUS Request Process at www.studentloans.gov.
  • The Financial Aid Office will be notified when it is complete.