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Federal Parent Loan
for Undergraduate Students
(PLUS) Pre-approval

Any parent (custodial and non-custodial) of an undergraduate student who has remaining cost to meet may apply for a PLUS loan. The PLUS Loan is a long-term, non-need-based loan.  The PLUS Loan interest rate is a fixed rate of 8.5%. Repayment of principal and interest begins within 60 days after the second disbursement, and a 10-year repayment is generally offered.

The parent borrower of a PLUS loan must be credit-worthy. The pre-approval process will determine the parent eligibility to borrow a PLUS loan.

Complete PLUS Pre-approval Application

Updated 4/27/06