Parents who are interested in borrowing a Direct PLUS Loan may complete the Direct PLUS application process online. Parent borrowers are able to do the following:
- request a Direct PLUS Loan;
- change the amount of a Direct PLUS Loan you previously requested;
- authorize how the school may use your Direct PLUS Loan funds to pay for educational expenses;
- designate who the school pays any credit balance to; and
- request deferment of repayment while the student is in school and for up to 6 months after.
In addition to the application, borrowers will need to complete a Master Promissory Note (MPN). Borrowers should be aware that their loan will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by authorized agencies, lenders, and institutions.