PLUS Loan

Parent Loan for Undergraduate Students — PLUS Loans are for parents and step-parents of dependent students. Borrowers must meet credit history and debt burden requirements. PLUS Loans are always unsubsidized, and interest begins accruing after the first disbursement. Repayment begins 60 days after the second disbursement. After your first disbursement is made, your loan will be assigned to a servicer. To find your loan servicer's contact information, please visit the Who’s My Student Loan Servicer? page at studentaid.gov. Delayed Repayment Option: If requested, repayment can be delayed until six months after your student drops below half-time or graduates. You must request this by contacting your loan servicer. Parents or step-parents who would like to apply for a PLUS Loan must fill out a PLUS Loan Application each academic year. Refund of excess financial aid checks consisting of PLUS funds will be made payable to the parent-borrower and mailed to the parent's home address unless the borrower specifies the refund should go to the student.