Federal Direct Parent PLUS Loan
Federal Direct Parent Plus Loan
As a dependent undergraduate student, your parents can borrow a loan to help pay for the cost of your education. The loan will be in the parent's name and will be based on credit history.
Loan terms:
7.9% fixed Interest Rate, capped at 9%.
4% origination fee deducted from the principal loan amount at the time of disbursement, with a 1.5% upfront fee rebate.
Repayment begins within 30 days of final disbursement.
In-school deferment is available.
To apply for a Federal Direct Parent Plus Loan, you will need to complete the St. Ambrose University Federal PLUS Loan Request Form, and return it to the Financial Aid Office.
If your request is approved, you will also need to complete the Federal Direct PLUS Loan Master Promissory Note.
We will be notified when it is complete.