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Parent PLUS Loan

2017-2018 Aid Year

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.

Interest Rate for Parent PLUS Loan – 7.00%
Origination Fee: 4.276% (Effective October 1, 2016)
Origination Fee: 4.264% (Effective October 1, 2017)

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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

The Parent PLUS application for 2017-2018 will become available at on May 1, 2017.

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 2017-2018 aid year, complete all fields and choose UTSA as the school.
  5. Agree to a credit check, view instant decision and submit application to UTSA.

*Parents no longer need to submit a Parent Plus Request Form for the 2017-2018 aid year*


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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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