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Parent PLUS Loans

   

Parent PLUS Loan


The Parent Loan for Undergraduate Students (PLUS) allows a parent of a dependent student to borrow any amount up to the student’s cost of attendance minus all financial aid the student may receive for the enrollment period. The interest rate is a fixed rate of 8.5% for any loans disbursed after July 1, 2006. The PLUS loans have a 3% origination fee and a guarantee fee of 1%. Repayment begins within 60 days after the final disbursement for the loan period and the interest starts accruing at the time of the first disbursement. Deferment of repayment may be possible by contacting the lender although interest will accrue.

Request A Parent Plus Loan

 

 

Renew (Increase) a Parent PLUS Loan


Parents that have taken advantage of a PLUS Master Promissory Note before, can apply for a future loan by completing the Master Promissory Note Renewal (MPR) form. The MPR form is valid only for increasing an existing Federal Parent Plus Loan amount, it allows a parent to request additional funds from a previous Plus Master Promissory Note only.

Renew A Parent Plus Loan

 
University of Arkansas Office of Financial Aid, 114 Silas Hunt Hall, Fayetteville, AR 72701