Federal PLUS Loan

To be eligible a valid FAFSA must be on file and the student must be in good standing with the Financial Aid Office, which may be different from the student's standing with the university.

Origination Fees
4.272% origination fee for loans with a first disbursement date before Octorber 1, 2016.

Interest Rate 2017-2018
Fixed interest rate of 7%.

Annual Loan Limits
Cost of attendance minus all other aid awarded to the student.

Credit Check

  • Must be a U.S. citizen or eligible non-citizen (see Student Aid Eligibility).
  • Must have a valid social security number.
  • Cannot be in default on any federal student loan or owe a refund on a federal student grant.
  • Must have an acceptable credit history.  A credit check will be performed during the application process.  If it is determined that the borrower has an adverse credit history, an endorser may be added to the loan application.

Loan payment calculator

Cancellation
A PLUS loan may be cancelled prior to disbursement with written or email notification.  The statement must include the student's name and ID number (CWID).

For additional details regarding the two PLUS loan programs please select:

Federal Direct Parent PLUS Loan
Federal Direct Graduate PLUS Loan