The U.S. Department of Education makes Direct PLUS Loans to eligible parents and graduate or professional students through schools participating in the Direct Loan Program.
Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student.
You’ll find the online application for Direct PLUS Loans on StudentLoans.gov.
Important: Most schools require you to apply for a PLUS loan online at StudentLoans.gov, but some schools have different application processes. Check with your school before you apply.
Note: Before applying, make sure you or your child have already filled out the Free Application for Federal Student Aid (FAFSA®) form.
Here’s a quick overview of Direct PLUS Loans:
- The U.S. Department of Education is your lender.
- You must not have an adverse credit history. A credit check will be conducted. If you have an adverse credit history, you may still be able to receive a PLUS loan if you meet additional requirements.
- The maximum PLUS loan amount you can receive is the cost of attendance (determined by the school) minus any other financial aid received.