You’re not the only parent who has questions about the Parent Plus Loan. These questions and answers should help:

Q: What is the Parent Plus Loan and how do I qualify?
A: The Parent Plus Loan (PPL) is a form of financial aid which allows parents or stepparents (but not legal guardians or grandparents) to borrow up to the total annual cost of a student’s undergraduate education, minus any other aid the student may be receiving in the forms of grants, scholarships, waivers, or other direct loans such as subsidized or unsubsidized loans. Unlike other forms of aid, the PPL is not based on the family’s income or asset information but rather the parent’s credit history. This means the parent applying can either be approved or denied depending on their credit history.

Q: How does the PPL work and when can parents apply for it?
A: Student Financial Services has already sent financial aid award notifications to students’ preferred email address. After your student receives the award letter, a parent may complete the PPL application by following these steps. After WSU receives the PPL application, we will send your application to the Department of Education for a credit check in early May. It can take up to five (5) business days to receive the credit decision from the Department of Education.

After the credit check is complete, the parent borrower will receive an email from the Department of Education and an email from WSU on the status of the credit decision. If approved, the PLUS Loan Master Promissory Note (MPN) must be completed by the parent borrower on before financial aid begins to disburse in the month of August. This will ensure students receive their aid on time. If denied, the communication received will explain the next steps and other options available to your student.

Q: What if my credit is denied for the Parent Plus Loan?
A: A parent whose PPL application is denied can appeal the credit decision with the Federal Direct Loan program and/or add an endorser on the loan. If you (the parent) choose not to pursue either of those options, WSU’s Student Financial Services may be able to award an additional unsubsidized loan to your student. 


Q: What is the interest rate on the PPL?
A: The interest rate on a PPL is determined annually by the U.S. Department of Education. Each loan will have a fixed interest rate for the life of the loan. You can view the latest interest rate information on the Federal Student Aid website.

More information about the Parent Plus Loan can be found at