Federal Direct Parent Loan for Undergraduate Students (PLUS) Loan

Federal Direct PLUS loans are credit worthy loans available to parents who wish to obtain a loan to assist their dependent undergraduate child with the cost of education. Families must first complete the Free Application for Federal Student Aid (FAFSA)


Must be a parent of the dependent student. The student must be attending at least 6 credits, matriculated in a degree program and in good academic standing. Parent and student must be a U.S. citizen or eligible non-citizen. Parent must pass credit check.


Up to full cost of attendance minus other expected financial aid.


For loans disbursed on or after July 1, 2014 and before July 1, 2015, the interest rate is 7.21% fixed.


There is a fee of 4.292% that will be deducted proportionately from each disbursement of the loan.

How To Apply:

Applying for a Federal PLUS Loan is a 2-step process.

  1. After completing the Free Application for Federal Student Aid (FAFSA), a parent must complete and return the Federal Direct PLUS Loan Request Form to the Financial Aid Office at FLCC.
  2. A parent must also complete a Federal Direct PLUS Loan Master Promissory Note at www.studentloans.gov. Parents will need their 4-digit Federal PIN to login.


PLUS funds are disbursed to the school in two (2) equal installments, one at the beginning of the loan period and one at the midpoint of the loan period. The funds are first used to pay school charges and any remaining funds are refunded to the parent.


Monthly repayment begins 60 days after final disbursement of loan.

*Student borrowing and indebtedness are very serious considerations and we want to do all we can to help students make informed choices that will allow them to fund their education.  FLCC promotes responsible borrowing. We encourage students/parents to only borrow what they need. Borrowers must replay all loans or face serious consequences.