Tuition and Financial Aid /
Direct Parent Plus Loans
Applying for a Direct Parent PLUS Loan
Direct Parent PLUS Loan QualificationsIn order to determine if you are eligible to borrow a Federal Direct PLUS Loan for your student attending Capital University, review the following requirements:
Once you meet all of the conditions mentioned above, you can apply for a Direct Parent PLUS Loan. The parent borrower must login to the federal site at studentloans.gov to start the process.
Approval of your Federal Direct PLUS LoanIf your Federal Direct PLUS Loan is approved, the Department of Education will notify Capital University of this approval. This notification typically comes to the Financial Aid Office within three business days.
Sign Your Direct PLUS Promissory NoteYou must sign a Federal Direct PLUS Promissory Note before your loan can be fully processed. You can sign your Promissory Note online after your Federal Direct PLUS Loan has been pre-approved. You must have your Parent FSA ID to sign the Promissory Note online.
If Your Direct Parent PLUS Loan is DeniedParent borrowers are notified immediately if their Federal Direct PLUS Loan application is denied. This information is also shared with the Capital Financial Aid Office so we can assist you with other options.
As a result of a PLUS loan denial, students may be eligible to borrow up to $5,000 additional Federal Direct Unsubsidized Loan funds, depending on their grade level. If your student is interested in obtaining this additional loan assistance, you can indicate this on the PLUS application website once you learn of the credit decision. Your student should also contact Capital's Financial Aid Office.
The Federal Direct PLUS Loan is a loan for parents of dependent undergraduate students. This loan supplements the Federal Direct Student Loan Program, helping families pay the cost of post-secondary education. For more information, refer to the Student Loan Fact Sheet.