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 estimating loan amounts please refer to the Gap guide.
  • This loan is offered through the federal government and offers a fixed interest rate of 6.41%. 
  • This loan has an origination fee of 4.204%.  The Department of Education assumes an upfront repayment rebate of 1.5%.  Therefore, 97.5% of the gross loan will be disbursed to the school.
Repayment begins 60 days after final loan disbursement unless a deferment is granted through the Direct Loan Servicer.

How to Apply

  • Parents must submit a Federal Direct Parent PLUS Loan Request Form to the financial aid office.

    Request Form available on our Forms Page

  • The pre-approved loan amount will be posted on the student’s Stony Brook SOLAR account and appear as anticipated aid against the student’s University bill (please allow 7-10 business days for processing).
  • A credit check will be performed by the US Department of Education. Written notification of the credit check results will be sent to the borrower.
  • If credit is approved and this is the borrower's first time borrowing a Federal Direct PLUS loan, complete the Federal Direct PLUS Loan Master Promissory Note (MPN) online at www.studentloans.gov.
  • If credit is denied the following options are available:

    • Additional Direct Unsubsidized Stafford Loan: Your student will be offered an additional Direct Unsubsidized Stafford Loan of up to $4,000 for Freshmen/Sophomores, $5,000 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. Follow directions. Applicant Services will contact you with further instructions.
      • Contact Applicant Services between 8:00AM to 8:00PM, Eastern Time, Monday through Friday. Applicant Services can be reached toll free, at 1-800-557-7394
  • If credit is approved as a result of obtaining an Endorser or a favorable decision is rendered after review of Extenuating Circumstances, complete the Federal Direct PLUS Loan Master Promissory Note (MPN) 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 after the start of the term and after all other requested information has been received and processed by the financial aid department.

Estimated Loan Repayment Chart Based on Standard Repayment

Amount Borrowed
# 0f Monthly Payments
Monthly Payment at 6.41%
$10,000
120
$113.00
$15,000
120
$170.00
$20,000
120
$226.00
$40,000
120
$452.00

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