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Federal PLUS Loans

PLUS Loans are federal loans available for graduate/professional students and parents of dependent undergraduate students.

The initial application for a PLUS Loan is through the government. Please allow a week for BYU to move forward with the loan once your application is approved. Check MyAid Dashboard for additional tasks.

For PLUS Loans disbursed between July 1, 2021 and June 30, 2022, the interest rate is 6.28%. Interest begins accruing after the first disbursement.


  • The parent or graduate borrower must pass a credit check
  • The student must be enrolled at least half-time

    • 6 credits for undergraduates
    • 4.5 credits for graduates
  • Financial need is not required

Loan Amounts

You may borrow up to your (or your student’s) cost of attendance, minus other financial aid. Subsidized and/or unsubsidized loans must be awarded prior to the awarding of a PLUS Loan. Your cost of attendance is found on MyAid Dashboard.

Helpful Links

Loan Repayment