Parent Loan for Undergraduate Students (PLUS)

The Federal PLUS is a credit-based loan from which eligible parents of dependent students can borrow. Parents may borrow up to the cost of attendance, less any other financial aid awarded. The interest rate is fixed at 7.9% by the federal government, and fees of up to 4% are deducted from the proceeds of the loan. Make sure you borrow enough to cover the annual amount owed as well as the fee.

• Your dependent student must complete a 2010–2011 FAFSA
• The student and parent should access the Federal Student Aid Web site and begin the PLUS Request Process
• Complete an electronic PLUS Promissory Note (eMPN)
• The Culinary Institute of America will certify Parent loan (PLUS) information
• Student will receive an award letter including the Parent Loan (PLUS) award