Office of Student Financial Planning

Apply for PLUS Loan

PLUS Loan Program Consumer Information & Application Instructions

Available for credit-worthy graduate or professional students and parents of dependent undergraduate students.

Program Description

A Federal Direct PLUS loan is a non-need based federal loan program. Please refer to the Direct Loan Basics for Parents brochure provided by the Department of Education for a more detailed explanation, available at

You must file a FAFSA in order to receive the PLUS Loan. Then you must apply for the PLUS Loan at each year

When considering a PLUS loan, remember that your student must be enrolled in at least part time (6 credit hours for undergraduate students OR 3 credit hours for graduate students)


To borrow a PLUS loan for a student, the parent must be the student’s biological or adoptive mother or father. A stepparent is also eligible to borrow a PLUS loan. A legal guardian is not considered a parent for federal student aid purposes. Grandparents are not eligible to borrow a PLUS Loan for their grandchildren.

Professional and Graduate students may apply for a Grad PLUS loan


Parent and Student are:
·       U.S. Citizens or eligible Non- U.S. Citizens
·       Not in default on prior educational loans

·       Borrows on behalf of the dependent student and is responsible for loan repayment
·       Meets federally defined creditworthiness standards

·       Enrolled in at least 6 credit hours for undergraduate students OR 3 credit hours for graduate students
·       Undergraduate students must meet Satisfactory Academic Progress (SAP) requirements

Eligible Annual Loan Limits

You may not borrow more than the cost of the student’s education minus any other financial aid received (such as grants, scholarships, or loans – including Direct Subsidized/Unsubsidized loans). High Point University will determine the actual amount you may borrow.


4.228% origination fee as of 10/1/2020 (this fee is deducted up front and thus lowers the actual net amount of each disbursement that appears on your tuition bill)

Interest Rate

Current fixed interest rate is 5.30% as of 7/1/2020. Rates may change depending on legislation so please visit:

Repayment Terms

Interest begins to accumulate upon the first disbursement. Repayment begins 60 days after the final disbursement during the academic year in which the loan is disbursed, or you have the option of deferring the loan payments until the student graduates, withdraws, or drops below half-time enrollment status. You will be responsible for repaying both the principle and accumulated interest. The maximum repayment period is generally 25 years.

How to apply:
PLEASE NOTE that you must re-apply for a PLUS loan for each academic year. Also the PLUS loan application includes a credit check that is only good for 180 days. So please wait to apply for a PLUS loan until 180 days before the academic term starts.
  • Student completes FAFSA for the applicable school year
  • Parents/Graduate students go to and click Log In button in the top right hand corner
  • Parents log in using your FSA ID (username & password) not your child’s or Graduate students will log in with your own FSA ID
  • Once signed in – Click on “Apply for Aid” Menu in top right and choose “Apply for a Parent PLUS Loan” OR “Apply for a Grad PLUS Loan”, then click blue “Start” button to proceed
    • Choose Award Year = 2019-2020 for the Summer 2020 term OR 2020-2021 for the Fall 2020, Spring 2021, and/or Summer 2021 terms
    •  Amount
      • If you choose “unknown”, then we will not be able to process your PLUS loan. You will have to sign back in and choose a specific amount or the maximum before the loan can be added to the student’s account.
      • If you choose “maximum”, then you will be awarded up to your current cost of attendance for the date range you provide. You can always email your counselor to adjust the PLUS loan.
      • If you choose a specific amount, please take into account the 4.236% loan origination fee that the federal government will keep off the top.
  • Once you have completed the application – Click on “Complete Aid Process” Menu in top right and choose “Complete Master Promissory Note”, then click blue “Start” button next to Parent PLUS loan OR Graduate PLUS loan
  • Complete the MPN for your PLUS Loan
  • If your PLUS Loan is endorsed by a co-signer, then you will be required to complete PLUS Credit Counseling, this is under the “Apply for Aid” Menu at the top of the page
  • Once you have completed the application and signed the MPN, HPU will be notified electronically in 48 hours


Options if Denied Based on Credit

The Direct Loan Origination Center will notify the borrower if the Federal Direct PLUS loan credit check is denied. The HPU Student Financial Planning Office does not provide notice if your credit check was denied. If the credit check is denied, there are three options:

  1. Request a review of the credit check due to inaccurate information on the credit report by contacting the Direct Loan Origination Center at 1-800-557-7394
  2. You can obtain an endorser’s signature. Your endorser must also pass a credit check. Additional information is available by contacting the Direct Loan Origination Center
    at 1-800-557-7394
  3. Undergraduate students may be eligible to receive additional Federal Direct Unsubsidized Loan money as a result of a Parent Plus Loan denial. Your child is not obligated to borrow these funds – additional amounts are listed below. If you would like more information about these additional funds, please contact our office.


Additional Unsubsidized Loan Amount
Class Amount
Freshman, Sophomore $4,000
Junior, Senior $5,000





Our main office is located in Suite 100 of Roberts Hall.

Phone: (336) 841-9124
Fax: (336) 841-4649
FAFSA/Title IV School code: 002933