Offices & Services

Office of Student Financial Aid

PLUS Loan Instructions

Federal William D. Ford Direct Parent Loans for Undergraduate Students (PLUS)

The Federal Direct PLUS Loan Program allows parents of undergraduate students to borrow up to the full cost of attendance minus other financial aid. Eligibility is based on a satisfactory credit check. The 2018-19 interest rate is fixed at 7.595 percent and there is a current loan origination fee of 4.264 percent deducted from each disbursement. Interest accrual begins on the date of the first disbursement. The first payment is due within 60 days after the final loan disbursement. However, parents can postpone repayment of the principal until 6 months after the student graduates. Information about repayment options is provided by the Department of Education. For many parents interest paid on PLUS Loans is tax deductible. For more information on education tax benefits, see the Internal Revenue Service’s Publication 970, on line.

Maximum Loan Amount

PLUS Loans may cover the full cost of attendance minus other financial aid. The cost of attendance includes tuition, room and board, as well as standard allowances for books and supplies, transportation, and personal expenses. Determine how much you wish to borrow for a full academic year. The total loan amount will be split evenly for the fall and spring semesters.

Application Process

The PLUS Loan application process involves two steps, a) completing the Washington College Federal Direct PLUS Loan Request Form, and b) completing the Federal Direct PLUS Loan Master Promissory Note (MPN).

  1. You must complete the PLUS Loan Request Form first. Using the information provided on this form, the Office of Student Aid will originate the loan and initiate a credit check through the Federal Servicer. You must complete a form each year you wish to borrow under this program.

    If your loan application is not approved, you will be contacted by the Federal Servicer (in writing) and given the option of appealing the credit decision or resubmitting the application with a credit-worthy endorser. Questions concerning your credit decision should be directed to the Federal Servicer’s Applicant Service at 800-557-7394. If you do not wish to pursue either of these options, your son or daughter may apply for an unsubsidized Federal Direct Loan by contacting the Office of Student Aid at 410-778-7214.

  2. Federal PLUS Loan Master Promissory Note. The PLUS Loan MPN allows parents to borrow for multiple years (up to 10 years) under one note for each child enrolled in college provided you do not require an endorser. Please go to

Instead of the PIN, you will now be required to use a Department of Education-issued FSA ID (not your child’s) before completing and signing the electronic MPN. If you do not have a FSA ID, you may create one at

Completing the MPN

The electronic MPN can be completed in 9 steps. We estimate that it will take 30 minutes to complete the electronic MPN process. Make sure you allow enough time to complete the entire process in a single session. If you exit this web site before submitting your signed MPN in Step 8, your information will not be saved.

  • Step 1… Log In
  • Step 2… Disclosure and Consent
  • Step 3… Provide Name, Student’s Information and School
  • Step 4… Complete MPN
  • Step 5… Review/Read Draft MPN
  • Step 6… Sign your MPN
  • Step 7… Review Signed MPN/Enter Confirmation Code
  • Step 8… Confirm Acceptance of MPN Terms and Submit MPN
  • Step 9… Success! Print your MPN

Washington College will be notified electronically that you have completed your MPN. For information about repaying your PLUS Loan, please visit the Federal Direct Loan Servicing Center’s website.