Federal Parent PLUS Loan

If you are a dependent undergraduate student, a PLUS loan enables your parents or stepparents (but not your legal guardians or grandparents) to borrow money that can be applied to your educational expenses. Parent PLUS Loans are loans directly from the federal government to the borrower. This loan is not based on your family's income or asset information on the FAFSA, but does require a credit check.

Steps to applying for the Parent PLUS Loan:

Parent completes PLUS Loan Application online at: www.studentaid.gov
Parent completes PLUS Loan Loan Agreement (MPN) online at: www.studentaid.gov
The loan will be added to your student's financial aid award

Frequently Asked Questions

What is the interest rate on the Parent PLUS Loan?

Why should I wait until July 1 to apply for a Parent PLUS Loan?

The Parent PLUS Loan requires a consumer credit check that expires in 180 days. If you apply before July 1, your credit check may expire before we certify your Parent PLUS Loan. If your credit check expires, we will ask you to reapply for your PLUS Loan.

How do I notify the school if a bankruptcy prohibits me from applying for a PLUS Loan?

What should I do if I am denied a Parent PLUS Loan and I can not get an endorser?

Your undergraduate student can request additional loan funds (maximum $4,000 for freshmen and sophomores, $5,000 for juniors and seniors). The additional loan is available to your student only if your PLUS Loan is denied due to an adverse credit check. If you are denied a PLUS Loan, you may indicate you want your student to receive additional Unsubsidized Direct Loan.

What if I can't apply for a PLUS Loan because I don't have a Social Security number?

If you can't apply for a PLUS because you are not a citizen or permanent resident with a Social Security number, please submit a written statement to the Financial Aid office explaining your status. The address is:

Office of Financial Aid and Scholarships
California State University, East Bay
25800 Carlos Bee Blvd.
Hayward, CA 94542

Federal Parent PLUS Loan