Columbia Financial Aid and Educational Financing

Parent PLUS Loan

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  • Interest Rate = 5.30% for loans disbursed after July 1, 2020.
  • Origination Fee for loans disbursing before October 1, 2020 is 4.248% Calculate Fee
  • Parents may borrow up to the total cost of attendance minus any other financial assistance received.
  • PLUS Loans automatically go into repayment once the loan disburses, but parents have the option to contact their Loan Servicer directly to request repayment be deferred until after the student graduates.

How to Apply:

  1. Go to, choose the “Parent Borrowers” tab, and then click on “Apply for a PLUS Loan

  2. Log in with your FSA ID

  3. Start the PLUS application using the Columbia University school code: (002707)
  4. Complete a PLUS Master Promissory Note. MPNs are generally valid for ten years.
  5. Specify the loan amount requested; you may request the maximum amount of PLUS loan available (not to exceed the total cost of attendance); a specific amount of loan; or you may contact our office to notify us of the desired loan amount.
  6. Specify the period for which you are requesting the loan. The Loan Period is based on the semesters of the 2020-2021 academic year:

Summer 2020: 5/26/2020 - 8/14/2020

Fall 2020: 9/8/2020 - 12/23/2020

Spring 2021: 1/19/2021 - 5/14/2021

*Please note: Plus application processing will begin on July 1, 2020.*

Important note:

  • Submitting the PLUS application via will initiate a credit check. You will be provided with further instructions if the credit check is denied.

  • You will have the option to request either a New Parent PLUS Loan or a Change to a current Parent PLUS Loan. If you are requesting an additional amount of Parent PLUS Loan funding, please select “Change” and note the additional amount that you would like to borrow.
  • We recommend not specifying a new total loan amount, when requesting a Change to your current Parent PLUS loan.
  • Loan applications submitted over the summer will be processed on a rolling basis. If you have applied for institutional financial aid, we will process your loan after you have received a financial aid eligibility letter.

Related FAQs

What if my PLUS Loan application is denied based on adverse credit?

You may still be eligible to receive a PLUS loan. To become eligible you must either:

· Obtain an endorser.


· Document extenuating circumstances to the satisfaction of the U.S. Department of Education.

· In either situation, you will need to complete PLUS Credit Counseling, prior to becoming eligible for the PLUS loan.

Why would my PLUS loan application be denied?

Please review the Adverse Credit Conditions considered by the Department of Education on their FAQ page.

What if my parent does not have a Social Security Number?

Your parent will not be able to borrow a Federal Parent PLUS loan without a Social Security Number; please contact our office for additional financing options.