The Federal Direct PLUS Loan is a low-interest loan available to parents of dependent undergraduate students and to graduate students. It can be used to borrow additional funds up to the total cost of attendance, minus any financial aid that has already been offered.

To be eligible for a Federal Direct PLUS Loan, the parent and the student must be U.S. citizens or permanent residents. Students must also be enrolled at least half-time.  For more information about PLUS loan eligibility requirements, visit the Department of Education’s PLUS Loan website.

Please Note: The 2024-2025 PLUS loan application will be available at in June. Furman University will begin certifying Parent PLUS loans as they are received. This means a parent can apply for a 2024-54 PLUS loan beginning in June to determine if they qualify, but the loan will not be added to the student’s financial aid package until certification and all requirements are complete.

How To Apply

Three steps are required to apply for a Federal Direct PLUS Loan*. Make sure you have submitted your Free Application for Federal Student Aid (FAFSA) to Furman. Furman’s Title IV code is 003434.

*Additional steps may be required for parents or graduate students with adverse credit history.  For more information, visit the Department of Education’s PLUS Loan website.