The PLUS Loan allows your parents to borrow to help pay for your educational expenses. Your family can borrow the difference of the cost of attendance minus any financial aid you receive, or a smaller amount if requested. We encourage families to only borrow the amount they need.
If you’re interested, your parent must complete a PLUS Loan application.
You can complete a Master Promissory Note online and your loan will be finalized once your credit check is approved.
The funds will be released in two disbursements. We encourage checking the box on the application that permits the release of funds to the student, which will enable you to receive the funds quicker.
Interest on the loan will begin when the first half of the loan is disbursed for the fall semester.
Repayment on academic year loans begins in March, which is 60 days after the second half of the loan is disbursed.