Parents of dependent students (as determined by the Free Application for Federal Student Aid or FAFSA) may borrow up to the financial aid cost of attendance less any other financial aid received. Visit Tuition and College Costs to learn more about tuition and fees and cost of attendance at UNLV.
In order to aid in the timely processing of PLUS loan applications for Fall 2022 disbursement, please complete all portions of the PLUS loan process on StudentAid.gov prior to August 1, 2022. This includes the application with credit check, the Master Promissory Note (MPN), as well as endorser addendum and/or credit counseling, if necessary. Please note, any PLUS loans which are not complete (lacking any of the necessary aforementioned components) on or before August 1, 2022 may be subject to processing delay, and may not be applied to the student's UNLV account before the Fall 2022 tuition bill is due. The Office of Financial Aid & Scholarships asks students to plan accordingly.
Requirements
The parent borrower must:
- Be the biological or adoptive parents, (or in some cases, the stepparent) of a dependent undergraduate student enrolled at least half-time at an eligible school;
- Be a U.S. Citizen or National, Permanent Resident or Other Eligible Non-Citizen; and
- Have a valid Social Security Number
Students must be enrolled at least half-time to be considered for this loan. However, the loan is in the parent's name only. The Department of Education's Direct Loan Servicing Center is the holder of this loan when a parent enters into repayment.
Interest, Repayment and Loan Origination Fee
While the student is attending school, the interest accumulates on this loan. Capitalized interest makes the loan payback more expensive over time.
No payment on the principal balance of the loan is necessary so long as the student remains at least half-time (six credit hours undergraduate and five credit hours graduate). A deferment while the student is in school can be requested by completing the Direct PLUS Loan Request found on Apply for a PLUS Loan for Parents..
Students can request an official verification of their enrollment to attach to the in-school deferment form by visiting the Enrollment Verification page.
For Direct PLUS Loans first disbursed on or after July 1, 2021, and before July 1, 2022, the interest rate is 6.28%. This is a fixed interest rate for the life of the loan. Yearly loan amounts the parent may borrow are dependent upon the student's credit hours enrolled per semester.
There is a 4.228% loan origination fee associated with this loan. The fee will be proportionally deducted from each loan disbursement.
To Apply
Visit “Apply for a Plus Loan for Parents" and follow the instructions listed on the website.
Re-Application
Once a parent signs and completes a master promissory note online with the U.S. Department of Education, the parent does not need to complete another MPN as long as their student attends UNLV. However, if the parent loan is approved using an endorser, a new master promissory note is required for each endorser approved loan.
Payment of Cashiering Account
If the PLUS loan is large enough to pay the balance in the student's UNLV Cashiering account, the parent has two options:
- A refund check or direct deposit is produced to the parent for the student's educational expenses.
- The parent can allow UNLV to produce a refund check or direct deposit to the student. The parent's preference can be indicated in the online Parent PLUS Loan application process.