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Loan Programs and Terms for Parents

Federal Direct PLUS Loan

Details

  • Borrowing limit of the full cost of attendance and loan fees, less any financial aid
  • Origination fee of 4%
  • Interest rate fixed at 7.9% begins accruing immediately upon disbursement
  • Repayment begins within 60 days of disbursement
  • No income restriction or needs test

Requirements

  • Free Application for Federal Student Aid (FAFSA)
  • Federal Direct Loan Request Form [pdf]
  • Satisfactory credit check required for loan approval
  • Promissory Note
  • Loan Application on the Federal Direct Loan website, updated for the upcoming year every May 31

Financial Aid

  • Financial Aid @ Pomona
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