2026–2027 Academic Year
At Warner University, we understand that families play an important role in financing a student’s education. The Federal Direct Parent PLUS Loan is a federal loan option available to help cover educational expenses not met by other financial aid.
What is a Parent PLUS Loan?
The Federal Direct Parent PLUS Loan is:
✔ A federal loan borrowed by a parent of a dependent undergraduate student
✔ Credit-based
✔ Issued by the U.S. Department of Education
✔ The legal responsibility of the parent borrower
This loan may help cover remaining educational costs after scholarships, grants, and student loans have been applied.
Who is Eligible?
To qualify, the parent must:
- Be the biological or adoptive parent (stepparent may qualify if listed on FAFSA)
- Have a student enrolled at least half-time
- Complete the FAFSA
- Pass a federal credit check
- Not have adverse credit history (unless approved through appeal or endorser)
Eligibility is not based on income level or the Student Aid Index (SAI), but a FAFSA must be on file.
How Much Can a Parent Borrow?
A parent may borrow up to:
Cost of Attendance (COA) – Other Financial Aid Received
There is no aggregate borrowing limit; however, borrowing should be considered carefully due to repayment obligations.
How to Apply
- Complete the FAFSA at studentaid.gov
- Apply for the Parent PLUS Loan at studentaid.gov
- Complete the PLUS Master Promissory Note (MPN)
- If required, complete PLUS Credit Counseling
Warner University cannot originate the loan until the application is completed and credit approval is received.
Apply for a PLUS LoanIf a Parent is Denied
If a Parent PLUS Loan is denied due to adverse credit:
The parent may:
- Appeal the credit decision, or
- Obtain an endorser
If the parent chooses not to pursue appeal or endorser options, the student may become eligible for additional Direct Unsubsidized Loan funds:
- Freshman/Sophomore: up to $4,000 additional
- Junior/Senior: up to $5,000 additional
Warner University requires documentation of the denial before additional unsubsidized eligibility can be awarded.
Disbursement Information
In accordance with federal regulations:
✔ Loan funds are disbursed by payment period
✔ Funds cannot be released earlier than 10 days before the start of classes
✔ Funds are applied first to tuition, fees, and institutional housing (if applicable)
✔ Any remaining credit balance is refunded within 14 days
Refunds are issued to the parent borrower, unless the parent authorizes the refund to be issued to the student.
Parents will receive notification of disbursement amounts and have the right to cancel all or part of the loan within federally required timeframes.
Repayment Information
Repayment begins:
- Within 60 days after the final disbursement of the loan for the academic year
Parents may request deferment while the student:
- Is enrolled at least half-time
- For an additional six months after the student drops below half-time
Interest accrues from the date of disbursement.
Multiple repayment plans are available through the Department of Education.
Important Considerations
Before borrowing, parents should consider:
- Long-term repayment obligations
- Interest accrual over time
- Total educational debt for the family
- Other financing options available
Warner University encourages families to borrow responsibly and seek guidance before committing to loan debt.
Need Assistance?
Our Student Financial Services team is available to assist with:
- PLUS Loan applications
- Credit denial guidance
- Borrowing decisions
- Payment planning options
