The Federal Direct Parent Loan for Undergraduate Students (PLUS) is available to parents of dependent undergraduate students who apply and meet the minimum credit requirements. This loan is borrowed by the legal or biological parent of a student to cover any education-related expenses.
Eligible parents of dependent students should utilize the tuition calculator and then apply for the annual loan amount needed. The SFS Office will receive the approved loan information directly from the Department of Education and post the funding to the student's financial aid account. Students will be notified via email of a Revised Award Letter for review - they will then be able to see the processed loan.
All Federal PLUS loan requests are processed for the full year and will be split evenly between fall and spring semesters. It is important that parent-borrowers factor costs for both Fall and Spring into their loan application. Summer Parent PLUS loans require a separate application.
Timeline for Submitting Applications:
- June 1st, 2023: New parent borrowers for 2023-2024 are eligible to apply for the PLUS loan.
- July 1st, 2023: Returning parent borrowers for 2023-2024 (parents who borrowed a PLUS loan during the 2022-2023 academic year) are eligible to apply for a new PLUS loan.
Adjusting a Parent PLUS Loan
To request an adjustment (increase, decrease or cancellation) to the Parent PLUS loan, the parent-borrower must complete and submit the Parent PLUS Loan Adjustment Request Form and submit via email to [click-for-email].
Please note that requests for a Parent PLUS increase can only be completed if the credit check on the original loan is still valid. If the credit check has expired, the parent-borrower will need to complete a new PLUS loan application to receive additional funds.
Endorsed Parent PLUS loans cannot be increased by Temple. If the Parent PLUS loan is endorsed and additional funds are needed, the parent-borrower must complete a new application at studentaid.gov and have the endorser complete a new addendum.
Do not return the excess funds to your lender or servicer if you intend to reduce the loan. Reductions will result in balances owed back to the university that can be resolved by returning the excess funds received as a refund. Please email firstname.lastname@example.org with questions.