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:
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,
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 accommodate both semesters.
For help with determining how much to borrow, please refer to the Gap guide.
For current interest rates and fee details,
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
Student must complete the FAFSA application (https://fafsa.ed.gov/).
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.
2019/2020 (Summer 2019, Fall 2019, Spring 2020)
2020/2021 (Summer 2020, Fall 2020, Spring 2021)
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
SUNY AT STONY BROOK
Summer Only (May-August)
Fall Only (August-December)
Spring Only (January-May)
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.
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. For more information on the Master Promissory Note (MPN),
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.
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.
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 herefor more information on Federal Direct Parent Loan repayment options.
Parent Private Educational Loans
Parents interested in applying for a Private Educational Loan to help cover the cost
of a dependent student’s education should be aware that some lenders have loans available
under a parent's name. If interested in borrowing a Parent Private Educational Loan,
may want to consider the following lenders: