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Tuition & Financial Aid
Dependent Student Financial Aid
Federal Parent Loan for undergraduate students (PLUS)
PLUS loans are made to parents of dependent students by participating lenders. These loans have a variable interest rate that will not exceed nine percent.
A parent may borrow up to the difference between the student's educational costs and other financial aid the student receives for each academic year. A variable insurance fee (up to one percent) and a variable origination fee (up to three percent) are deducted from the amount borrowed.
Repayment of a PLUS loan
Repayment of a PLUS loan begins within 60 days after the loan is fully disbursed. Most lenders will electronically transmit the loan funds to the school by a process called Electronic Funds Transfer (EFT). The loan proceeds will automatically be transferred to the student’s account; this usually occurs prior to the beginning of each term.
South University financial aid officers are available to help you with any questions you or your family may have about FPLUS loans.
Getting started
Lenders will require a credit evaluation to determine a parent's eligibility for a PLUS loan. Please call 800-891-1410 or apply online.
To apply for a PLUS loan, parents must request a Department of Education PIN and complete an online FAFSA form.
- You can request a Department of Education PIN online at http://www.pin.ed.gov.
- You can access the FAFSA form online at http://www.fafsa.ed.gov.
Get Started Today
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- 800-688-0932
