Steps to Apply for a Federal Direct Parent PLUS Loan on StudentAid.gov

  1. The parent borrowing the Parent PLUS Loan must log in to Studentaid.gov using his or her (the parent's) Federal Student Aid (FSA) ID:

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  2. Once logged in, click on Apply for Aid and then Apply for a Parent PLUS Loan:

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  1. Carefully read the information and then click Start:

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  1. Provide all information requested on the PLUS Loan Application – Be sure you select the correct Award Year for which you are borrowing the PLUS Loan. For example:  If the PLUS Loan is for the Fall 2020 and/or Spring 2021, or Summer 2021 you would select 2020-21.  If the PLUS Loan is for the Fall 2021 and/or Spring 2022, or Summer 2022, you would select 2021-22 (once available):

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  1. Carefully read the information under the section Deferment While Student is Enrolled in School and be sure to check “Yes” or “No” to the question at the end.

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  1. Carefully read the information under the section Request for 6-Month Post-Enrollment Deferment and then answer “Yes” or “No” to the question at the end.

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  1. Indicate IF you authorize UGA Student Account Services to use the PLUS Loan funds to pay other educationally related charges on your student’s account:

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  2. Indicate IF you wish UGA Student Account Services to disburse directly to you or directly to your student any PLUS Loan funds that may remain after your student’s charges for the semester have been paid. Note that if you wish any remaining loan funds to be delivered via direct deposit to a bank account, you must select “The Student”.

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  1. Select the University of Georgia using the search or filters provided:

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  2. Indicate the Parent PLUS amount you wish to borrow for the Award Year:

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Note that the UGA Office of Student Financial Aid (OSFA) will contact the parent to confirm the PLUS Loan amount if the parent selects the third option “I don’t know the amount I want to borrow…”

  1. You must specify the Loan Period for which you are requesting the Parent PLUS Loan. For the 2020-21 Award Year your options are:

Loan Period Requested

Requested Loan Period Start Date

Requested Loan Period End Date

Fall 2020 & Spring 2021

August 2020

May 2021

Fall 2020 only

August 2020

December 2020

Spring 2021 only

January 2021

May 2021

Summer 2021 only

May 2021

August 2021

 

For the 2021-22 Award Year (once available) your options are:

Loan Period Requested

Requested Loan Period Start Date

Requested Loan Period End Date

Fall 2021 & Spring 2022

August 2021

May 2022

Fall 2021 only

August 2021

December 2021

Spring 2022 only

January 2022

May 2022

Summer 2022 only

May 2022

August 2022

 

The following is an example of a Parent PLUS Loan request for the Fall 2017 & Spring 2018 loan period.  Once you have entered the Requested Loan Period Start and End Dates, click “Continue” to then enter your personal information, credit check authorization and reference information.

 

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  1. After you have completed the Parent PLUS Loan Application, you will also need to complete a Master Promissory Note (MPN) for a Parent PLUS Loan unless you previously completed a Parent PLUS Loan MPN while the student was enrolled at UGA and the previous MPN did not require you to obtain an endorser. If you need to complete a Parent PLUS MPN, see Steps to Complete a Direct Loan Master Promissory Note (MPN) on StudentLoans.gov.

  2. A credit check will be performed during the application process. If the parent has an adverse credit history (PDF), the parent may still receive a parent PLUS loan through one of two options:

    1. Obtaining an endorser; an endorser is someone who does not have an adverse credit history and who agrees to repay a Direct PLUS Loan if the borrower does not repay it. The endorser cannot be the child on whose behalf the parent is borrowing.
    2. Documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances relating to the parent’s adverse credit history. 

    If denied, the parent will receive further instructions from the Department of Education regarding both options.  With either option 1 or option 2, the parent also must complete credit counseling for parent PLUS loan borrowers

    If a parent is unable to obtain a parent PLUS loan, the student may be eligible for additional unsubsidized loans. The student should complete the Change in Aid Request, answering “Yes” to the question, “In the amount(s) you requested, if you are not eligible for a Federal Direct Subsidized Loan, would you like to be considered for an Unsubsidized Loan instead?” and adding a comment in the “Other Requests or Additional Information” field that the parent was denied the PLUS loan.