Parent PLUS Loan

Parents

The PLUS loan program is available to creditworthy parents regardless of income if you are a parent of a dependent student. The maximum loan amount each academic year is the difference between the Cost of Attendance and the other financial aid the student is scheduled to receive that year.

Parents will need to complete a Parent PLUS loan application and loan agreement (MPN) at www.studentloans.gov.  To log into the website parents will need to use their FSA User ID and password that was used when completing the FAFSA. If you are concerned about your credit and eligibility for this loan please contact the Financial Aid office.

2026-27 Federal Loan Changes:

Parents of Undergraduate Students

First-time Parent PLUS loan borrowers have new annual and aggregate loan limits. All parents (combined) may borrow up to $20,000 per year per dependent student. The aggregate loan limit is $65,000 per dependent student.

A legacy provision exists for some current borrowers, for a limited amount of time, if the student is enrolled in the same program of study in 2026–27 as in 2025–26; and, the parent borrowed and received funds in the Direct Loan Program with a Parent PLUS loan before July 1, 2026.

 

Additional Resources