Parent PLUS Loan

Federal Direct PLUS Loan for Parents

Parents of dependent students are eligible to borrow funds under the Federal Direct PLUS Loan program. At Kent State University, all dependent students will receive an estimated Parent PLUS award amount listed on the Financial Aid Award Notification. If the parent desires to borrow the Parent PLUS, the PLUS Pre Application must be completed as described below.

The PLUS loan requires a credit worthy parent borrower and allows the parent to borrow the cost of attendance minus financial aid. The eligible parent borrower must be the student’s mother, father, or the step parent whose information is listed on the FAFSA during the year of the loan. To apply for the PLUS, download the PLUS Pre Application form by clicking here and mail or fax the application to the Student Financial Aid Office.

The parent borrower must complete the electronic PLUS Master Promissory Note (MPN). The parent borrower will need their FAFSA PIN to sign the PLUS MPN. Click here for the link to the electronic MPN.

Repayment for the PLUS generally begins 30 to 60 days after the funds are credited to the student account. Effective July 1, 2008, for PLUS loans first disbursed on or after July 1, parents can request an in-school deferment for their dependent child. Parents who desire the in-school deferment must contact the Direct Loan Servicer at 1-800-848-0979.

Additional Unsubsidized Based on Parent PLUS Denial
Parents who have been denied the Parent Loan for Undergraduate Students (PLUS) based on credit may request their dependent students receive the Federal Direct Unsubsidized Loan. This request must be made on the PLUS Pre Application. Eligible students can receive up to $4,000 unsubsidized for freshmen and sophomore years and up to $5,000 for junior and senior years.

Federal Direct Loan for Graduate Students

Graduate PLUS - Federal Direct PLUS for Graduate Students is a loan from the Department of Education which provides additional funds for educational expenses not met by other types of aid.

To be eligible to receive a Grad PLUS loan the borrower must:

  • File the 2007-2008 Free Application for Federal Student Aid (FAFSA)
  • Exhaust all eligibility for Federal Direct Subsidized and Unsubsidized loans ($120,500/yr or $138,500 lifetime limit)
  • Have a signed MPN on file with the Department of Education
  • Be registered at least half-time (4 credit hours) during the loan period
  • Not be in default or have an overpayment on any Federal Title IV financial aid program
  • Pass a credit check performed by the Department of Education