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Financial Aid

 

Federal Parent PLUS Loan

Financial Aid Office

Biology student in the lab

The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students who are enrolled at least half-time in an eligible degree or certificate program to pay for their educational costs.

CU Denver|Anschutz requires students to submit a FAFSA to determine their eligibility for the Direct Parent PLUS Loan and other types of financial aid.

Additional information is available on the U.S. Department of Education's Federal Direct PLUS Loan page.

Apply for a Direct Parent PLUS Loan:

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Eligibility Requirements

Students:

  • Must be enrolled at least half-time in an eligible undergraduate degree program.
  • Must be a U.S. citizen or eligible non-citizen (see Student Aid Eligibility).
  • Cannot be in default on any federal student loan or owe a refund on a federal student grant
  • Must have a valid U.S. social security number
  • Male students must be registered with the Selective Service, if required. You can check requirements at www.sss.gov.
  • Continuing students must meet Satisfactory Academic Progress (SAP) standards

Parents:

  • Must be the student’s biological, adoptive, or step parent.
  • Must be a U.S. citizen or eligible non-citizen (see Student Aid Eligibility).
  • Must have a valid social security number
  • Cannot be in default on any federal student loan or owe a refund on a federal student grant
  • Must not have an adverse credit history. A credit check will be performed during the application process. Examples of adverse credit include:
    • Bankruptcy
    • Delinquent debt of 90 days or more
    • Foreclosure
    • Loan default
    • Repossession
    • Tax Lien
    • Wage Garnishment
    • Write-off of Title IV federal loan debt within preceding 5 years of PLUS Loan application
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Benefits and Features

  • Fixed interest rate of 7.9%
  • The Direct PLUS Loan can be consolidated with other federal loans
  • You have a single contact for everything from application to repayment
  • Flexible repayment options
  • There are no pre-payment penalties
  • A 4% origination fee will be proportionately deducted from each loan disbursement.
  • The maximum loan amount is the your student's cost of attendance or budget minus any other financial aid received.
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Credit Check

  • Direct Loan Servicing will run a credit check and notify you of the results.
  • If your application is not approved, you will be able to choose from one of the four options listed below. You should contact Direct Loan Applicant Services at 800-557-7394 for the credit check results and to discuss your options.
    • Decline the Direct PLUS Loan (notify the Financial Aid Office)
    • Obtain an endorser (cosigner)
    • Appeal the credit decision
    • Undecided - contact the Financial Aid Office to discuss questions about these options.

If no action is taken and the Financial Aid Office is not notified, your loan will be canceled.

Loan Limit

There are no annual or aggregate borrowing limits for Direct PLUS Loans. You may borrow up to the cost of attendance minus any other financial aid your student received.

Loan Disbursment

PLUS Loan funds will first be applied to your student's University account to pay tuition, fees and other institutional charges. Any remaining funds will be refunded by the Bursar's Office to your student or you based on your request on the PLUS Application.

Repayment

  • Generally, repayment begins shortly after the loan is fully disbursed. This means that you will probably have to start repayment while your student is still in school.
  • On the PLUS Application parent borrowers can "opt" to defer repayment. Interest will continue to accrue even if you were granted a deferment on the loan. Specifically, you may defer repayment:
    • While your student on whose behalf the loan was obtained is enrolled on at least a half-time basis, and
    • During the 6-month period after your student on whose behalf the loan was obtained ceases to be enrolled on at least a half-time basis.

Additional information is available on the U.S. Department of Education's Repaying Your Loans page.

Contact Information

Bursar's Office

Physical locations

Anschutz Medical Campus

Education 2 North
Phone: 303-724-8032
Email: bursar@ucdenver.edu Office hours: 8:30am - 5:00pm (Monday - Friday)
Central cashier hours: 8:30am - 4:30pm (Monday - Friday)

Denver Campus

1200 Larimer Street
North Classroom, Room 1001
Phone: 303-556-2710
Email: bursar@ucdenver.edu
Office hours: Office hours: 8:00am - 5:00pm (Monday - Friday)

Student Debt Management

(Same locations as above)
Phone: 303-556-2937
Toll free: 1-866-862-0121
Tuition collections: 303-556-2303

Mailing addresses and additional office information »

Financial Aid Office

Physical locations

Anschutz Medical Campus

Education 2 North, 3rd Flr
Phone: 303-724-8039
Email: financial.aid@ucdenver.edu
Office hours: 8:00am - 5:00pm (Monday - Friday)

Denver Campus

North Classroom
1200 Larimer St, Ste 1030
Phone: 303-556-2886
Email: financialaid@ucdenver.edu
Office hours: 8:00am - 5:00pm (Monday - Friday)

Mailing addresses and additional office information »

Student Service Center

Physical location

Downtown Campus

1200 Larimer Street
North Classroom Building - Room 1003
Phone: 303-556-2710
Fax: 303-556-2299
Office hours: 8:00am - 5:00pm Monday through Friday

Additional office information »

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