Parent PLUS Direct Loan

• JBU is a participant in the Direct Loan program so your lender will be the US Department of Education.
• Fixed Interest Rate of 7.9%
• Net fee of 2.5% of the principal loan amount
• Payment will automatically begin when the loan is fully disbursed for the year but the borrower can apply to have the loan deferred while the student is in school and through the student's six month grace period.

There is a Master Promissory Note (MPN) that must be completed on-line for PLUS loan borrowers.

Please click on the link below and select the "Complete New MPN for Parent PLUS Loans" option on the right-hand side of the screen.

Parent PLUS Direct Loan Application