image: IUPUI is a leading urban university campus where students earn degrees from Indiana University or Purdue University.

Federal PLUS Loans

General Information

The federal Parent PLUS Loan is a low interest rate loan for parents that can be used to help pay for the college education of a dependent undergraduate child. Graduate students may apply for a federal Graduate PLUS Loan for themselves.

The maximum amount you can borrow is the student’s cost of attendance minus other aid received by the student.  This is a credit-based loan; therefore you must pass a credit check that will be performed by the lender in order to be eligible for this loan.  There may be loan processing fees taken out by the lender before the funds are sent to the school. 

Federal PLUS Loan Information

IUPUI and IUPUC participate in the federal Direct Loan program for all federal PLUS Loans.

Direct Loan Information:

  • Lender: US Department of Education
  • Loan processing fees: 2.5% of each disbursement. 
    • This fee will be taken out of the loan amount received by the school.  This means that you will repay more than what credits to the student’s university account.  For example, if you borrow $1,000, $975 will apply to the student’s account, and you will repay $1,000 (plus interest). 
  • Interest rate: 7.9%, fixed
  • Minimum monthly payment: $50 / month
  • Repayment begins: 60 days after the loan is fully disbursed, or approximately in:
    • October for fall only loans
    • February for academic year or spring only loans
    • July for summer loans
  • Repayment benefits: 0.25% interest rate reduction when you sign up for auto-debit of your monthly payments
  • Repayment options: flexible repayment options ranging from 10 to 30 years, including consolidation

Apply for a Federal Direct Parent PLUS Loanavailable to parents of dependent undergraduate students
Apply for a Federal Direct Graduate PLUS Loanavailable to graduate students


IUPUI is Indiana's premier urban research university. The campus enrolls more than 30,000 students in 21 schools and academic units.