Undergraduate Loans

The Direct Parent PLUS Loan Request Form for the Fall/Spring 2022-2023 academic year is now available.


  1. Federal Direct Parent PLUS Loan Request Form  
  2. E-sign Your Direct PLUS Loan Master Promissory Note

The Federal Direct Parent PLUS Loan for Undergraduate students is available to credit-worthy parents of dependent undergraduate students. The student must file a Free Application for Federal Student Aid (FAFSA).  If a parent is unable to obtain a Federal Direct Parent PLUS Loan, the parent may obtain a credit-worthy endorser, appeal the decision with Federal Student Aid or the dependent student may receive increased loan limits under the Undergraduate Direct Unsubsidized Stafford Loan Program.

Application: Apply for the academic year. The loan cannot be applied for more than 180 days before the start of the academic year.  The University of Scranton does not use the Federal site for the Parent PLUS application.  

New Parent Borrowers:

Current Parent Borrowers:

Q.Why do I have to complete the Federal Direct Parent PLUS Loan Request Form?

A. The Financial Aid Office will originate the loan and initiate the mandatory credit check through the Department of Education by using the information provided on the form.

Q.  What are the next steps if the Direct Parent PLUS Loan is denied? 

A.  If the loan application is denied, you will be contacted by the Federal Student Aid via email and given the option of obtaining a credit-worthy endorser or appealing the credit decision. Questions concerning your credit decision should be directed to Federal Student Aid at        1-800-433-3243. 

To request the additional Undergraduate Direct Unsubsidized Stafford Loan, the parent borrowing the Direct Parent PLUS Loan must email finaid@scranton.edu if not requested during the online Federal Direct Parent PLUS Loan Request Form.

PLUS Counseling - is required if the U.S. Department of Education has informed you that you have an adverse credit history and you have:

  • Obtained an endorser or
  • Documented extenuating circumstances to the satisfaction of the U.S. Department of Education
    • The information causing the adverse credit decision is incorrect or
    • There are extenuating circumstances relating to the adverse credit history    

Q. Do I have to complete the Federal Direct Parent PLUS Loan Request Form each year?

A. Yes. Each subsequent year, the parent will need to go through a credit check and request the annual loan amount.

Q. If I completed a Direct PLUS Loan MPN for my dependent child, do I have to complete another one?

A. No. The Direct PLUS Loan MPN allows parents to borrow for multiple years (up to 10 years) under one note for each child enrolled in college provided you do not require an endorser.
A. Yes. If the Direct PLUS Loan was approved with a credit-worthy endorser in the prior year, a new Electronic Master Promissory Note will need to be completed.

Federal Direct PLUS Loan applications must be certified by the Financial Aid Office by the last day of the semester or before the student is no longer enrolled.

Loan Limits per Academic Year:
The maximum parents may borrow in the Federal Direct Parent PLUS Loan per academic year is the difference between cost of education minus other financial aid received.

Aggregate Loan Limits:
There is no aggregate limit.

Interest Rate:

Loans disbursed between July 1, 2022 and June 30, 2023 have a fixed interest rate of 7.54%.

Effective December 1, 2013, sequestration of federally budgeted funds occurred. 

The origination fee is 4.228% from October 1, 2020 through September 30, 2023.  The amount equals 95.772% for each disbursement of the loan.

Loan Reductions/Cancellations:
Parents may request the Federal Direct Parent PLUS Loan be reduced or canceled. The request must be in writing from the parent, not the student. Please include the parent borrower's name, the student's name, the student's Royal ID number, and the amount you want the loan reduced to.