A PLUS Loan is an additional federal loan that can be used to help pay for education expenses.
To receive a Direct PLUS Loan, you must:
- Be the parent (biological, adoptive, or in some cases, stepparent) of a dependent undergraduate student enrolled at least half-time (6 + credits)
- OR be a graduate or professional degree student enrolled at least half-time (5+ credits) in an eligible program leading to a degree or certificate
- AND meet the general eligibility requirements for federal student aid. If you are borrowing on behalf of your child, your child must also meet these requirements
Get more detailed information about loan terms, fees, applying, and repayment.
There are origination fees associated with all federal loans that affect the net amount received. Please use our Loan Fee Calculator if you are wanting to receive a specific amount.
The application process:
- The PLUS Loan Application must be submitted at studentaid.gov.
- The application opens on May 1 prior to the academic year. For Fall 2022, applications open May 1, 2022.
- Requires loan applicants to sign-on using their FSA ID. Parents applying for a PLUS loan should use their own FSA ID tied to their personal information.
- Select “Apply for a PLUS Loan” from the welcome screen.
- Be sure to select the correct PLUS Loan type: Parent or Graduate
- Follow prompts and complete the application.
- A credit check is required as part of the process and you will know immediately if you’ve been approved or denied.
- Drop-down boxes will allow you to select the semester you wish to receive the loan. Please select according to the dates below. Summer is always processed independently from fall and spring semesters
|Semester or Term||Starting and Ending Period|
|Fall 2022 & Spring 2022||August 2022 - May 2023|
|Fall 2022 Only||August 2022 - December 2022|
|Spring 2023 Only||January 2023 - May 2023|
|Summer 2023 Only||May 2023 - August 2023|
How much should I borrow?
- On the PLUS application, you may request a specific loan amount (e.g. $5,000).
- OR, you may borrow the maximum amount the student is eligible for. This amount is determined by your Cost of Attendance. Boise State provides an estimated cost to attend for the term (based on enrollment, residency, living expenses). After subtracting your existing aid, the remaining gap can be filled with a PLUS loan, if approved.
- We recommend using the Bottom Line Estimator to determine what funding you may need to bridge the gap between your expenses and other student aid.
- In some cases, after tuition and charges are paid on an account, there may be a refund from a Parent PLUS loan. On the PLUS application, a parent can determine where the refund is issued (student or parent). Refund checks to parents will be mailed to the address provided on the application.
After your application:
- The results of your application are sent to the schools you select – be sure to add Boise State University.
- The Financial Aid office will communicate about next steps via the student’s BroncoMail.
- You should frequently monitor your Student Center and BroncoMail for updates and to-do items.
- For first-time PLUS borrowers, you are required to complete a Master Promissory Note.
- Some borrowers may be notified of a loan counseling requirement which can be completed at studentaid.gov.
Options available if the Parent PLUS Loan is denied
- Parents may seek an endorser.
- Parents may appeal the credit decision.
- Students may request additional unsubsidized loan in the student’s name:
- $4,000 per academic year for first-year or sophomores
- $5,000 per academic year for juniors or seniors