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Federal Parent PLUS / Grad PLUS Loans

Federal Direct PLUS Loans are unsubsidized loans for the parents of dependent students and for graduate students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. For more detailed information, including eligibility requirements, loan limits, interest rate, and loan charges visit the Federal Student Aid site.

Parents and graduate students interested in borrowing a PLUS Loan must first create a Federal Student Aid (FSA) ID, if a FSA ID has not been previously created. Your FSA ID is needed to complete your loan requirements as well as to sign the FAFSA which must be submitted for the academic year you intend to borrow the PLUS Loan whether or not you wish to be considered for other need-based federal aid. In situations where there is a custodial and a non-custodial parent, only the custodial parent must complete the FAFSA. Note: If your FAFSA is selected for verification, the HWS Office of Financial Aid will contact you regarding additional documents required prior to processing your loan.

You may borrow a PLUS Loan for fall semester only (August – December), spring semester only (January – May), or for the entire academic year (August – May).
You will need to provide your personal information, your student’s information, your employer information, if employed, and the names and contact information of two people to list as references. When you, the borrower, are ready to begin the PLUS Loan application process, go online and sign in using your FSA ID, this designates you as the borrower. After you have successfully logged in, click on the link to Complete Direct PLUS Loan Master Promissory Note (MPN) and refer to the steps below.

Parent PLUS Loan

  1. Prior to electronically signing, it is important to read the MPN’s terms and conditions under which you agree to repay the loan. The MPN explains your rights and responsibilities as a borrower and should be saved for future reference. You do not need to complete a MPN if you completed one in a previous year unless you had an endorser for a previous year’s loan or your student is transferring to HWS.
  2. To complete the credit check and application process, click on Request a PLUS Loan and select Parent PLUS as your loan type. You will determine your loan amount, choose the loan period for which your loan will be applied, and decide whether you want to defer your loan or begin repayment immediately. Upon completion, you will learn if you are approved or denied. If you are not approved, contact the Office of Financial Aid at 315-781-3315 to discuss your and your student’s options.

If you are borrowing Parent PLUS loans for more than one student, you will need to complete a separate MPN and a separate application for each one.

Tips for Parents

Financing your student's education

Graduate PLUS Loan

Graduate students may request a Graduate PLUS loan. Upon successful log-in, click on the link to Complete a Direct Subsidized/Unsubsidized and PLUS Loan Master Promissory Note (MPN) and refer to the steps below.

  1. Prior to electronically signing, it is important to read the MPN’s terms and conditions under which you agree to repay the loan. The MPN explains your rights and responsibilities as a borrower and should be saved for future reference. You do not need to complete a PLUS MPN if you completed one in a previous year unless you had an endorser for a previous year’s loan or you are transferring to HWS.
  2. To complete the credit check and application process, click on Request a PLUS Loan and select Graduate PLUS as your loan type. You will determine your loan amount, choose the loan period for which your loan will be applied, and decide whether you want to defer your loan or begin repayment immediately. Upon completion, you will learn if you are approved or denied. If you are not approved, contact the Office of Financial Aid at 315-781-3315 to discuss your options.
  3. You must also Complete Entrance Counseling requirements on this same site in order to receive loans as a graduate student, unless you received a prior Graduate PLUS Loan.

Tips for Graduate Students

Planning your future