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Federal Parent Plus Loans

  • A Federal Parent PLUS Loan is a credit based loan that parents of undergraduate students may borrow to help pay the educational expenses for their dependent student. The student must be enrolled for at least six credit hours per semester.

    A parent may borrow up to the total of the estimated cost of attendance less resources and all other financial aid received by the student. The interest rate is fixed and accrues from the time the loan funds are sent to the university until it is paid in full.


    Applying For a Federal Parent Plus Loan

    We are a 100% participant in the William D. Ford Federal Direct Loan Program, and to apply for the PLUS loan you must apply online. The Parent PLUS loan is not renewable, and must be applied for every new academic year.

    Apply online  : 
    (parent will need to sign in with their Department of Education PIN number)


    To estimate the amount of funds you may need, please refer to the student's financial aid award information they received from the University s OSFA as well as the Cost of Attendance and Schedule of Fees (which can be found on the right hand side or our homepage). The award information will list the maximum amount the parent may request for that academic year. It it highly recommended the parent and student review the University s Cost of Attendance and Schedule of Fees to better understand how our office determined your maximum amount available so that you can decide on the amount best suited to meet your student's needs. You, the parent, may request less than the amount listed in the award information.

    If a Federal Parent PLUS loan is the only financial aid you desire, the submission of a FAFSA is not required. It is highly suggested, however, that a FAFSA be submitted in order to be considered for the most favorable aid for the student. When you apply for a PLUS Loan, the Department of Education will perform a credit check and will notify the UMES Office of Student Financial Aid (OSFA) of their credit decision.


    Credit Decision


    If approved, you will be notified by the OSFA, as well as Direct Lending, of your approved credit decision. Once we have originated your loan with them, we will notify you in writing about completing your Master Promissory Note. You must have a completed Master Promissory Note (MPN) before the loan funds will be disbursed. If you have an active PLUS MPN on file with Direct Loans, funds will be disbursed automatically.



    If denied, the student will be awarded an additional amount in a Federal Unsubsidized Stafford Loan based on their academic level. Freshmen and sophomore level students receive $4,000 for the academic year, while junior and senior level students receive $5,000. The student whose parent has been denied for a Parent PLUS Loan will now have the independent student annual maximum loan limit eligibility.


    Repayment of Federal Parent Plus Loans 

    The standard repayment plan begins 60 days after the final loan disbursement is sent to the institution.

    A parent who has borrowed after July 1, 2008 may also request Direct Lending to defer payments of a Parent PLUS Loan until the student graduates or ceases to be enrolled at least half time.  It is highly recommended that the parent make interest only payments during the deferment period. The request for this deferment must be made within the 60 days following the final loan disbursement being paid to the institution. For more information go to or call 1-800-848-0979.