Federal Direct PLUS loans are non-need based loans for the parents of enrolled, dependent students. Under this program, parents can borrow up to the
total cost of education minus their student’s expected financial aid. Repayment begins 60 days after the loan is fully disbursed. Deferment options
The PLUS loan application process is located at Studentloans.gov, a federal website where:
At this site, you can apply and receive a credit decision for your PLUS application. Rutgers will certify the actual loan amount once your financial
aid package has been constructed. For most, this occurs in late June. When your PLUS award has been posted to your financial aid account, you will
receive an email notification from our office to view your revised Financial Aid Award Letter.
- Parents of Undergraduate students and Graduate students complete a PLUS application
- Endorsers co-sign for PLUS
- Borrowers can appeal credit check decisions during the application process
- Borrowers complete the Master Promissory Note (MPN)
How much should you borrow?
PLUS Repayment Information
Loan Repayment Estimator
Academic Year 2015-2016
The PLUS loan application will be available starting from July 1, 2015.
Actual tuition and fee amounts are determined in mid-July 2015, for the 2015-2016 academic year. Therefore, we recommend that you request the maximum amount,
up to the school’s cost of attendance. PLUS loans can be easily reduced through a written statement from the borrower if you decide later to decrease the
requested amount. If you or your parents wish to increase the amount of your 2015-2016 PLUS loan, please go to studentloans.gov.
If the borrower wishes to increase the amount of the 2015-16 PLUS loan, please complete the appropriate form below.
Undergraduate PLUS Increase Form
Graduate PLUS Increase Form
Complete PLUS Request Process
|At StudentLoans.gov, click
|Enter your Social Security Number, first two letters of your last name, date of birth and your federal PIN.
|Go to 'Request a Direct PLUS Loan Application Process'.
|Select the loan type. Follow directions to complete the four step process.
NOTE: New PLUS borrowers will be required to complete a PLUS MPN with their application.
For more information: PLUS for parents or PLUS for graduate students.
Applications for PLUS loans are available @ StudentLoans.gov