Federal Direct PLUS loans are non-need based loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses. The U.S. Department of Education makes Direct PLUS Loans to eligible borrowers through schools participating in the Direct Loan Program. Repayment begins 60 days after the loan is fully disbursed. Deferment options are available.
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)
To apply, complete the PLUS request process.
To increase the amount of the 2015-2016 PLUS loan, complete the appropriate form:
Undergraduate PLUS Increase Form
Graduate PLUS Increase Form
Information for Graduate or Professional Students
How much should you borrow?
PLUS Repayment Information
Information for Academic Year 2015-2016
The PLUS loan application is currently available.
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, complete the undergraduate increase form or the graduate increase form.
NOTE: New PLUS borrowers will be required to complete a PLUS MPN with their application.
Federal Student Aid ID Required to Complete PLUS Loan Information
What is it?
The FSA ID has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to fafsa.gov, the National Student Loan Data System (NSLDS) at https://www.nslds.ed.gov/, StudentLoans.gov, or StudentAid.gov.
Do parents need their own FSA ID?
If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your student's FAFSA electronically or to apply for a PLUS loan and sign the Master Promissory Note. If you have more than one student attending college, you can use the same FSA ID to sign all applications. Please note: Each FSA ID user must have a unique email address.
Keep Your Identity Safe
Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Do not give your FSA ID to anyone - not even to someone helping you fill out the FAFSA. Sharing your FSA ID could put you at risk of identity theft!