|Date of First Disbursement||Interest Rate|
|Before July 1, 2017||6.31%|
|7/1/17 - 6/30/18||7%|
Before applying for a Federal PLUS Loan, we recommend you consider these Options for Financing Your Education.
Note: Loans must be processed by our office by the last day the student is enrolled in at least 4 credit hours.
An endorser, similar to a co-signer, must pass a credit check and agree to take the responsibility of the loan if you are unable to pay it. If you choose to obtain an endorser, they will need to complete the endorser addendum at studentloans.gov, which requires the following information:
We highly recommend using an electronic endorser as it is the fastest way to complete this request. If you choose to complete your request with a paper endorser, you must notify our office when the endorser is approved, or your loan may be delayed.
You can appeal to the Department of Education with proof the credit information used was incorrect or has been corrected or extenuating circumstances relating to the credit history. To appeal log in to studentloans.gov and select Document Extenuating Circumstances from the left-hand navigation.
If you qualify for a Direct PLUS Loan after obtaining an endorser or documenting extenuating circumstances, you will be required to complete loan counseling on studentloans.gov.
Private loans are offered by private lenders and eligibility depends on a credit score.