Apply for a Direct PLUS Loan

(Parent Loan for Undergraduate Students)

To apply for a Direct PLUS loan for your student attending Walla Walla University, apply online at

Apply Now

You will need a FSA ID to log in. If you don't have an FSA ID, you can create one at

Once you are logged in, you will complete the Direct PLUS loan promissory note and credit check.  Walla Walla University will be notified of the results  and process the loan for your student. 

Funds are applied to the student's account one third per quarter. You will be notified by mail when the funds have posted to the student's account.

If you are interested in forbearance (permission to miss payments) while your child is in school, please contact Direct Loan Servicing.

PLUS Loan Information

What is a Direct PLUS Loan?

It is a loan for parents of dependent students. The interest is fixed at 7.21%. The Department of Education charges fees of 4.292%. Interest payments may be tax deductible.

Who Can Apply for a Direct PLUS Loan?

Since this loan is not based on financial need, parents at all income levels may apply. Borrowers must have no derogatory credit within the last 5 years.

How do I Apply for a Direct PLUS Loan?

To apply for instant pre-approval on the PLUS loan, parents should log into and complete a promissory note and credit check. Student Financial Services will be notified of the credit decision and process the loan for the student.

Borrowers without internet access should contact the Student Loan Office at 1-800-656-2333 for a paper application. 

When Will the Money be Received?

For most borrowers, one third of the loan will be credited to the student's account each quarter. If the PLUS loan results in a credit balance, excess funds can be returned to the parent or to the student with the parent's permission.  Contact Student Accounts for more information on this process.

Do I Have to Reapply Every Year?

Yes. Since the PLUS loan is based on credit, a new credit check must be done each year. With the Master Promissory Note (MPN), however your promissory note will renew for the following year, up to 10 years, and you will not need to complete a new promissory note except in the event you have an additional child starting college; each Direct PLUS loan MPN is for one student only.

What if I am Turned Down for the PLUS Loan?

If the event a PLUS loan is denied, the student may borrow additional funds through the Unsubsidized Direct Loan Program. Freshman and Sophomores are allowed to borrow $4,000; Juniors and Seniors may borrow $5,000.

Page maintained by Amanda Fleck
Last update on June 22, 2015