How to Apply for Loans

Federal Plus Loan

• The PLUS loan is a federally sponsored education loan that offers a low, fixed interest rate of 8.5%.
• This loan allows parents to borrow up to the full cost of attendance (less other financial aid received) for their dependent son or daughter.
• PLUS loans are obtained through banks, credit unions, and other lending agencies which you chose when you complete the on line application. 
• These loans typically go into repayment 60 days after full disbursement, but parents may delay repayment while the student is enrolled with an approved PLUS forbearance.
• The standard repayment period is ten years, but there is no penalty for early payoff.
• In order to receive a Plus loan, you will need to complete an on-line application (credit check) and Master Promissory Note.

Click here to complete the PLUS loan application and promissory note process.