Federal Direct Parent Loan for Undergraduate Students (PLUS)

Federal Direct PLUS Loans are non-need based loans for the parents of enrolled, dependent students. Under this program, parents can borrow up to the total cost of education minus their student's expected financial aid. Repayment begins 60 days after the loan is fully disbursed.

• PLUS is available to parents of dependent students. Students are not eligible to borrow in the PLUS program.



• We recommend the student file a FAFSA, though one is not required to receive a PLUS loan.



• Two documents are required to process a PLUS:



1. Borrower must submit the Loan Amount Request and Release Form:
• Academic Year 2008-2009
• Academic Year 2007-2008


2. Borrower must submit and sign Plus Master Promissory Note, unless the borrower is requesting an increase to an existing PLUS loan. For increases, simply print, complete and fax the Increase Request Form to 732-932-0523:
• Academic Year 2008-2009
• Academic Year 2007-2008


• Credit Check approval required.



• If a PLUS loan is denied, the student may request an unsubsidized Stafford loan.


If you need further assistance, please contact your regional Financial Aid Office.


• Loan Repayment Estimator



• More PLUS Info