Parent PLUS Loans
Parents of dependent students (ages 24 and younger) can apply for a Parent PLUS loan to help cover related costs for their child’s education. You must have a valid FAFSA on file indicating you are a dependent student before your parent can apply. There are several steps to apply for a Parent PLUS Loan, click here for information on whether or not you are a qualified parent:
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Go to www.studentaid.gov and click on the “PLUS Loans" under the Grants and Loans tab.
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If approved for the Parent PLUS Loan, your parent must also complete additional documents if they desire to borrow funds for your education:
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A Loan Agreement for a PLUS Loan (MPN). From the www.studentaid.gov website, click on the “Mater Promissory Note (MPN)” under the Grants and Loans tab. Select "Log In to Start" in the "I'm a Parent of an Undergraduate Student" section.
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The PLUS Credit Counseling. Click on “PLUS Loan Credit Counseling” under the Grants and Loans tab on the www.studentaid.gov website.
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If approved for a Parent PLUS Loan, you can be awarded up to the Cost of Attendance as calculated by the Financial Aid Office. In this case, you will also be asked to complete a CSU Global document called, "The Direct Lending Parent PLUS Loan Request Form"
If your parent is denied for a Parent PLUS Loan, you will automatically become eligible for independent level funding depending on your grade level in school. If you choose to accept this additional funding, this will increase your overall loan award.
Regardless of whether you are approved or denied, please let your Student Finance Advisor know the results of the PLUS application so they can walk you through the next steps.