Federal Direct Parent PLUS Loan
The Federal Direct Parent PLUS Loan is a low-interest loan that allows a parent of a dependent undergraduate student to borrow money to help pay for the student's college education.
The parent applicant must pass a credit check as part of the application process. Students must be enrolled at least half-time. For details on enrollment please read KU Medical Center's enrollment information.
How do I apply for a Parent Plus Loan?
- Beginning on May 1, 2023, navigate to https://studentaid.gov Apply For Aid and click on Apply for a PLUS Loan.
- Click the blue login button.
- Parents will need to be logged in under their personal information, not the student's information.
- Select Award Year 2023-24.
- Fill out the Student Information section.
- Answer Yes or No whether you want the loan to be deferred while your student is enrolled at least half-time in school.
- Answer Yes or No whether you want to defer repayment of your PLUS Loan for 6 months after your student ceases to be enrolled at least half-time.
- Decide whether you want to authorize KU Medical Center to pay for charges other than tuition and fees. If you wish for loans to pay other charges (e.g., parking, Kirmayer fitness pass) charged to the student's account you will need to give authorization here. If you want to do this, check the box. If not, leave the box blank.
- Select Me or the Student in regards to who will receive a refund if the loan exceeds the KU Medical Center charges.
- Choose the state of Kansas and search for the Univ. of Kansas Medical Center and add our school.
- For "specify a reason for submitting this Direct PLUS Loan Request," select New.
- For Loan Amount Requested Select either "I want to borrow the maximum," or "I would like to specify a loan amount" and enter a specific amount in the Loan Amount Requested. In either case, you may only receive the remaining need left in your student's Cost of Attendance.
- Loan Period: For Fall/Spring select 08/2023-05/2024 (This amount will be split evenly between the two terms.) For Fall Only select 08/2023-12/2023 (Only select this if the student will not be attending in the spring term.) For Spring Only select 01/2024-05/2024 (Only select this if the student did not attend in the fall term.)
- Answer the Borrower Information with the required information about you.
- Once the loan has been processed by KU Medical Center, the student will be sent an email that indicates that Parent PLUS Master Promissory Note (MPN) will need to be signed at https://studentaid.gov. Complete Aid Process and click on Parent PLUS MPN. Please do not complete this until the loan has been processed.
How are Parent PLUS Loans approved or denied?
The Federal Loan Origination Applicant Services (LOAS) center will conduct a credit check on the Parent PLUS loan applicant. If the applicant is 90 or more days delinquent on any debt, has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a debt under title IV of the Act during the five years preceding the date of the credit report, the Parent PLUS loan will be denied.
The LOAS will issue a loan denial letter to the applicant that will identify the name and telephone number of the agency that provided the credit information. The applicant should call the agency and request a copy of the credit report. After reviewing the report, if the credit data is inaccurate, the loan denial decision may be appealed.
Please note that our office is not provided any information about the specific reason for the denial. All loan denial appeals are handled by the LOAS. The LOAS may be contacted at 800-557-7394, or you may write to the Direct Loan Origination Center at Applicant Services, P.O. Box 5691, Montgomery, Ala. 36103-5691. If the denial decision was based on accurate information, the applicant has the option to obtain an endorser, which is similar to a co-signer, on the loan. The LOAS will include an Endorser Promissory Note and information with the denial letter mailed to the borrower.
When the LOAS center notifies our office of the loan denial, we will send out a PLUS Loan denial form to the parent applicant. The purpose of this form is to provide options for the applicant to officially communicate to our office exactly what they plan to do about the denial. We will not cancel the application until we receive the form.
How much can I borrow?
A parent of an undergraduate can borrow up to the cost of attendance minus other aid and resources.
What are the interest rate and fees?
View current interest rates.
When does repayment begin?
Repayment begins 60 days after the final disbursement for loans disbursed prior to July 1, 2008. For PLUS loans made to parents that are first disbursed on or after July 1, 2008, the borrower has the option of beginning repayment on the PLUS loan either 60 days after the loan is fully disbursed or wait until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis.