fasfa parent plus portal

by Arch Crona 6 min read

Who is eligible to borrow a Parent PLUS loan?

Parents of dependent undergraduate students may be eligible to borrow a federal Parent PLUS loan. A FAFSA (Free Application for Federal Student Aid) must be on file for the student for the aid year in which you intend to borrow.

Is the FAFSA for the student or the parent?

IMPORTANT: The FAFSA® form is the student’s application, not yours. When the FAFSA form says “you” or “your,” it’s referring to the student. Pay attention to whether you’re being asked for student or parent information.

What is a direct plus loan for parents?

Direct PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid. Am I eligible for a parent PLUS loan?

How do Parent PLUS loans work for students?

The school will first apply parent PLUS loan funds to the student’s school account to pay for tuition, fees, room and board, and other school charges. If any loan funds remain, your child’s school will give them to you to help pay other education expenses for the student.


Is a parent PLUS loan considered federal student aid?

Direct PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid.

How do I find out the status of my parent PLUS loan?

Log in to “Account Dashboard” or call 1-800-4-FED-AID (1-800-433-3243) to find out.

How do I access my child's FAFSA?

On the “Login” page, you can start a FAFSA® form with your account username and password (FSA ID) or your parent can start it with your name, Social Security number, and date of birth by choosing the “I am the parent, preparer, or student from the Freely Associated State” option.

How do I link my FAFSA to my parents FAFSA?

Here's how it works:Start a FAFSA at fafsa.gov. ... On the "Login" page, you can start a FAFSA with your FSA ID (on the left) or your parent can start it with your name, Social Security Number and date of birth (on the right).Whoever starts the FAFSA will be prompted to create a Save Key.More items...

Will parent PLUS loans be forgiven in 2021?

Generally, the IRS treats cancelled debt as taxable income for student loan borrowers. But, the American Rescue Plan Act of 2021 made all student loan forgiveness tax-free through 2025. An income-contingent repayment plan is the only income-driven repayment program available to a parent PLUS borrower.

How do I know if my FAFSA was approved?

To check the status of your Free Application for Federal Student Aid (FAFSA®) form, do the following:Log in to fafsa.gov.Your FAFSA status can be found on the “My FAFSA” page, which displays immediately after you log in if you've already started or completed a FAFSA form.

How do I log into my FAFSA account?

You can log in on the roles page by selecting “I am a student and want to access the FAFSA form” and entering your FSA ID username and password. If you're a student from a Freely Associated State, you can log in by entering your identifiers.

Where can I find my saved FAFSA form?

How do I restore a saved application?From the FAA Main Menu select FAFSA/Renewal Application under “Restore a Saved Application,”Provide the TG# for your Destination Point, your Federal School Code, and the appropriate school year of the application you want to restore,Select Next,More items...

How do I find my FSA ID and password?

What if I forget my FSA ID password for my account?Enter your username, verified email address, or verified mobile phone number and the month and day of your birthday.Select one of the three recovery options: Text a secure code to my mobile phone, Email a secure code, Answer my challenge questions.*More items...

How do I get my parent FAFSA ID?

If you cannot retrieve your FSA ID online, you still have options to get into your account, but there may be more effort required on your end. You can get your account back by calling the Federal Student Aid Information Center at 1-800-433-3243.

Can a parent and child both apply for FAFSA?

On the parent's FAFSA, both the student and parent are included in the number in college figure. Whether a parent can be counted in the number in college on a dependent student's FAFSA has been subject to the discretion of college financial aid administrators since the Higher Education Amendments of 1992.

How long does parent PLUS loan approval take?

How long does processing take? Due to the value of PLUS applications at peak times (particularly summer and the start of the Fall term), PLUS loans can take 4 weeks for processing and for the loan to be posted on the student's financial aid summary.

How is the parent PLUS loan disbursed?

In most cases, your school will disburse your parent's loan money by crediting it to your school account to pay tuition, fees, room and board, and other authorized charges. If there is money left over, the school will pay it to your parent, usually by check.

How long does it take to get a parent PLUS loan refund?

7-10 daysA refund is issued to the parent-borrower 7-10 days after the loan has been disbursed to the student's account. The parent-borrow may elect to receive their refund via Digital Disbursement via Zelle or by Paper check. The default refund method will be via paper check.

How long is a parent PLUS loan approval good for?

Credit checks are valid for 180 days. If you have applied for an additional parent loan within the last 180 days, a new credit check will not be run. You will be notified immediately if your credit was approved or denied. If the credit check was approved, the next step is to complete a Master Promissory Note (MPN).

What is an endorser on a parent plus loan?

An endorser is someone who agrees to repay the parent PLUS loan if you do not repay it. The endorser cannot be the child on whose behalf you are borrowing. Documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances relating to your adverse credit history.

What is a direct PLUS loan?

A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent borrower. Looking to apply? Use the online application to apply for a parent PLUS loan. Important: Most schools require you to submit the PLUS loan application online, although some schools have different application processes.

What is the interest rate on a Direct Plus loan?

For Direct PLUS Loans first disbursed on or after July 1, 2020, and before July 1, 2021, the interest rate is 5.30%. This is a fixed interest rate for the life of the loan.

Is there a fee for Direct Plus?

Yes, there is a loan fee on all Direct PLUS Loans. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. The percentage varies depending on when the loan is first disbursed, as shown in the chart below.

Can a grandparent get a parent plus loan?

Note: Grandparents (unless they have legally adopted the dependent student) and legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student.

Can I get a parent plus loan if I have bad credit?

A credit check will be performed during the application process. If you have an adverse credit history, you may still receive a parent PLUS loan through one of these two options: Obtaining an endorser who does not have an adverse credit history.

What are the gender neutral questions on FAFSA?

The FAFSA questions use gender-neutral terminology for married parents (“Parent 1 (father/mother/stepparent)" and “Parent 2 (father/mother/stepparent)" instead of “mother" and “father"). It does not matter which parent completes which set of questions.

What is legal parent?

A legal parent is your biological or adoptive parent, or your legal parent as determined by the state (for example, if the parent is listed on your birth certificate). If you have a stepparent currently married to your legal parent, you generally also must provide information about him or her.

What does it mean when your parents live together?

Divorced or Separated Parents Who Live Together. If your divorced parents live together, you’ll indicate their marital status as “Unmarried and both legal parents living together," and you will answer questions about both of them on the FAFSA form. If your separated parents live together, you’ll indicate their marital status as “Married ...

What to do if my parent doesn't file taxes?

If your parent doesn’t file taxes at all, select “Not going to file" for the question that asks whether the parent (s) have filed taxes. Then you’ll be asked for information about how much your parent earned from work, rather than being asked for information about specific items on the tax form.

Is my stepparent on my FAFSA?

EXCEPTION: The FAFSA form asks about your parents’ education level. For these two questions, your parents are considered to be your birth parents or adoptive parents—your stepparent is not your parent in these questions. Including your stepparent’s information on the FAFSA form helps create an accurate picture of your family’s total financial ...

Is FAFSA a full process?

However, it is important for you to understand the following: Although your FAFSA form will be submitted, it will not be fully processed. You will not receive an Expected Family Contribution (EFC) and must immediately contact the financial aid office at the college or career school you plan to attend.

Can I submit my FAFSA without my parent's information?

The decision is up to the financial aid office at the college or career school you plan to attend. If you agree to this , you may submit your FAFSA form without parent information. Your FAFSA information will be sent to the colleges you list, but you won’t get an EFC.

What is a PLUS loan?

Federal Parent Loan s (PLUS) The U.S. Department of Education administers a loan program for dependent undergraduate students called the PLUS loan or the P arent L oan for U ndergraduate S tudents. The parent is the borrower and is responsible for the repayment of the loan. The parent borrower is subject to a credit check.

Can step parents borrow a PLUS loan?

A stepparent may borrow a PLUS loan if their income is included on the FAFSA. The parent will need their own login information on studentaid.gov so the parent will need to create an FSA ID and FSA ID password. The FSA ID and password can be used to electronically sign the FAFSA as the parent.

How is a parent plus loan disbursed?

The Parent PLUS Loan is disbursed to the borrower (parent) or student depending on the refund preference selected on the Parent PLUS Loan Application. If the loan is a full year loan, the loan will be disbursed half in the Fall and the other half in the Spring semester. If the loan is for one-semester, the loan will be disbursed in one disbursement.

What is PLUS loan?

The PLUS loan is a federally funded loan from the U.S. Department of Education for parents/stepparents of dependent undergraduate students. Stepparents are eligible as long as their information is included on the Free Application for Federal Student Aid (FAFSA). Students must be enrolled at least half-time (6 undergraduate units) ...

What is PLUS credit counseling?

PLUS Credit Counseling is a requirement if the parent had an adverse credit history but was able to obtain an endorser.

When is a check sent to the parent?

A check is sent to the parent if the borrower (parent) is the refund preference. Otherwise, if the student is the refund preference, a check is sent to the student or direct deposit is initiated. We encourage students to sign up for direct deposit on the Student Center under the option to Enroll In Direct Deposit.

Is Parent PLUS loan need based?

Unlike other types of financial aid, the Parent PLUS Loan is not need based. The maximum eligibility amount is determined by the Student's Cost of Attendance minus any financial aid that the student has been awarded and accepted. The Parent PLUS loan can replace all or a portion of the expected resources. If the student will not be receiving ...

Do you need a Master Promissory Note for a parent PLUS loan?

If the parent completed a Master Promissory Note for a previous San Francisco State University Graduate PLUS Loan, you may not need to complete this step.

Does Parent PLUS loan require parent to accept loan?

Approval of a Parent PLUS Loan application does not commit the parent to accepting the loan. If approved, the parent must contact Office of Student Financial Aid to cancel or reduce the accepted Parent PLUS Loan amount.


We've compiled the following information which we hope will be helpful. If you can't find what you need on our website, please feel free to contact us for further assistance.

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Parent PLUS loans

Parents of dependent undergraduate students may be eligible to borrow a federal Parent PLUS loan. A FAFSA (Free Application for Federal Student Aid) must be on file for the student for the aid year in which you intend to borrow.

Guest access

Students can grant permission to parents or other interested parties to view their financial aid awards online via StuInfo. The guest must have a valid email address. Due to privacy regulations, only the student can grant this permission. For more information, see our guest access page.

Security questions in StuInfo

To verify a caller’s identity when discussing private financial aid information over the phone, the Office of Financial Aid requires that the person first answer a set of security questions in StuInfo . All students who receive financial aid and wish to discuss their private information with our staff by phone must complete this process.

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