Skip Navigation
Search
Federal Direct Parent PLUS Loan Information

Parents interested in applying for a Federal Direct Parent PLUS Loan to help cover the cost of a dependent student’s education need to know the following:

This credit-based federal loan is available to parents of dependent undergraduate students who are enrolled at least half-time (6 credits per semester) in an eligible program leading to a degree or certificate.

  • The borrower must be the parent (custodial or non-custodial) or stepparent of the student.  A legal guardian or another relative cannot apply.
  • The parent borrower must be a U.S. citizen or eligible non-citizen.
  • This loan is based on approved credit.  The applicant cannot be 90 days or more delinquent on the repayment of any debt; or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a Title IV debt during the last five years.
  • While the annual loan limit is the student's cost of attendance minus any estimated financial aid received, it is HIGHLY recommended to wait until the receipt of the student's first University bill in order to more accurately determine the amount to request.  If borrowing a fall/spring loan, the amount requested may need to be doubled in order to accomodate both semesters.
  • For help with determining how much to borrow, please refer to the Gap guide.

  • For current interest rates and fee details, click here.
Repayment begins 60 days after final loan disbursement unless a deferment is granted through your assigned loan servicer. For more information, visit https://studentaid.ed.gov/types/loans/plus.

How to Apply

  • Parent borrower applies for a PLUS loan by logging into www.studentloans.gov. Parent borrowers must log in using their unique FSA ID. The FSA ID is also used for a parent to sign the FAFSA. Parents who do not yet have a FSA ID can click here to create one.
    • Select the award year:
      • 2016/2017 (Summer 2016, Fall 2016, Spring 2017)
      • 2017/2018 (Summer 2017, Fall 2017, Spring 2018)
    • Enter student information:
      • Student's Name (First Name, Middle Initial, Last Name)
      • Student's Social Security Number
      • Student's Date of Birth
      • Student's Permanent Address and Phone Number
    • Select school:
      • SUNY AT STONY BROOK
    • Select the loan period:
      • Summer Only (May-August)
      • Fall Only (August-December)
      • Fall/Spring (August-May)
      • Spring Only (January-May)
    • Select one of three options when indicating a loan amount:
      • Specific loan amount- This option is strongly encouraged as you will determine the amount you are requesting.
      • Maximum loan amount- If this option is selected, the school will determine the loan amount based upon the student's cost of attendance minus other financial aid for the loan period.
      • Unknown loan amount- Selecting this option will delay processing and require additional follow-up. If you need help determining the loan amount to request, please refer to the Gap guide. 
    • A credit check will be performed by the US Department of Education. You will be notified whether your credit has been approved or denied for the loan at the end of the application. 
    • If credit is denied the following options are available:
      • Additional Direct Unsubsidized Stafford Loan: If you select this option, your student will be offered an additional Direct Unsubsidized Stafford Loan of up to $4,000 for Freshmen/Sophomores or $5,000 for Juniors/Seniors. Your student will need to accept the loan via SOLAR.

or

      • Endorser: You may choose to obtain an endorser. If the endorser wishes to complete the endorser addendum electronically, he or she will be asked to provide your loan reference number. If the endorser prefers to complete a paper addendum, you may print one from the www.studentloans.gov website to provide to the endorser. If you plan to borrow for more than one student, you will need an endorser for each loan.

or

      • Extenuating Circumstances: If you believe there are extenuating circumstances related to the adverse credit information that should be considered in evaluating your eligibility for a Direct PLUS Loan, you may begin the process one of two ways:
        • Log into www.studentloans.gov and select “Document Extenuating Circumstances” on the left navigation bar and follow the directions. Applicant Services will contact you with further instructions.
        • Contact Applicant Services between 8:00AM to 8:00PM, East Standard Time, Monday through Friday. Applicant Services can be reached toll free, at 1-800-557-7394.

PLEASE NOTE: If credit is approved as a result of obtaining an Endorser or a favorable decision is rendered after a review of your Extenuating Circumstances, complete the Federal Direct PLUS Loan Master Promissory Note (MPN) and the PLUS Credit Counseling session online at www.studentloans.gov. Additional Direct Unsubsidized Stafford Loans offered based on a PLUS denial will be cancelled if a subsequent PLUS approval is processed.

  • Disbursement will not occur until the start of the term. Please visit the Your Aid & Your Bill section of our website for additional information. 
  • Parent borrowers who decide to decrease or cancel their loan after the award has disbursed will need to submit a signed statement to our office.


Click here
for more information on Federal Direct Parent Loan repayment options.

Login to Edit