Direct Parent PLUS Loan

The U.S. Department of Education makes Direct PLUS loans to eligible borrowers through participating schools. Lewis-Clark State College participates in the Direct PLUS Loan Program.

In order to receive a Direct PLUS Loan your child must complete the Free Application for Federal Student Aid (FAFSA) and you must complete a Master Promissory Note (MPN) and a Request for Direct PLUS Loan at studentaid.gov.

• The U.S. Department of Education is the lender.
• The borrower must not have an adverse credit history.
• The maximum loan amount is the student's Cost of Attendance (as determined by the school) minus any other financial aid received.
• Student must be enrolled at least half-time in a degree seeking program.
• Student must be making Satisfactory Academic Progress.
• Fixed interest rate is 8.05% for Direct PLUS loans first disbursed on or after July 1, 2023 and before July 1, 2024.
• There is a 4.228% loan fee on all PLUS loans with the first disbursement on or after October 1, 2020. The fee will be proportionately deducted from each loan disbursement.
• PLUS loan repayment begins once the loan is fully disbursed (paid out), however, you may contact your lender to request a deferment.