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Parent PLUS Loan

Notice: The Parent PLUS application for 2018-2019 will become available at on May 1, 2018

The Federal Direct Parent Loan for Undergraduate Students (PLUS) helps parents assist with their student's educational costs. PLUS loans enable parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half time (six credit-hours). PLUS loans can be certified for each academic year up to - but not more than - the student's cost of attendance, minus the amount of financial assistance that the student receives.

Eligibility Requirements for Parent PLUS

For Parents:

  • Must be the biological or adoptive parents of the student
    • Legal guardians, grandparents and/or other 3rd parties may NOT apply
    • Step-parents may apply if married to the biological or adoptive parent and the step-parent's income and assets are listed on the FAFSA
  • Parent applying for a Direct Parent PLUS loan must not be in default on any federal student or parent loans

For Undergraduate Students:

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Interest Rate & Origination Fees

PLUS Interest Rate and Origination Fees

Interest rates for PLUS loans are now tied to 10-year U.S. Treasury Notes based on legislation signed into law August 2013. Each year interest rates could vary. The maximum that a PLUS loan interest rate can increase to would be 10.5% per this legislation.

Find out more about the current interest rate for the Parent PLUS Loans and the origination fee charged for the loan at Loan Fees for Direct PLUS Loans

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Parent PLUS Repayment

Parent PLUS loans are the financial responsibility of the parents, not the student. For more information on repayment of PLUS, visit the Direct Loan Program FAQs page.

  • First payment is due 60 days after the PLUS loan is fully disbursed*
  • Standard repayment is 10 years
  • Interest accrues while the student is enrolled

*Parents may contact the Direct Loan Servicing Center at 1-800-848-0979 to request a deferment of payment based on the dependent student's enrollment status.

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How to Apply for a Parent PLUS Loan

Steps to Apply:

  1. Parent must log onto with their FSA ID
  2. Click the option to “Apply for a Direct PLUS Loan”
  3. Locate the PLUS Application for Parents and choose “Start”
  4. Select the correct aid year that you want to borrow the PLUS loan for. Please complete all the fields and choose UTSA as the school.
  5. Agree to a credit check, view instant decision and submit application to UTSA.


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Refund Options

Parent PLUS loans are first applied to the student’s UTSA account to pay for tuition and fees, housing and meals, and other educationally related charges. Any loan amount remaining can be sent to:

  • You, the parent, as a refund check.
    May take 2-3 weeks to be mailed during peak times. At the beginning of Fall and Spring semesters, any refund generated on a student’s account will be held until the Parent Plus check is mailed.
  • The student as a refund check or by electronic fund transfer should they have Direct Deposit set up on their ASAP account.

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