PLUS Loans

Federal Direct Parent PLUS Loan

The borrower can be the biological or adoptive parent (or, in some cases, the stepparent) and must be a U.S. citizen or permanent resident. Repayment begins 60 days after the loan is fully disbursed and extends up to 10 years. Application requests are submitted to Student Financial Services. Northeastern requires that a valid FAFSA be on file prior to our origination of a PLUS loan. If a parent is denied a Federal PLUS loan due to credit reasons, the parent may appeal the denial with the Direct Loan Origination Center or reapply with a credit-worthy cosigner.  The Direct Loan Origination Center can be reached at (800)-557-7394.

NOTE: As of March 30, 2015, if a parent is approved by appeal or with an endorser, he/she is required to complete on-line credit counseling through However, on-line credit counseling is encouraged for all PLUS borrowers.   

Parents can choose to defer payments on a PLUS loan until 6 months after the date the student ceases to be enrolled at least half time. The interest that accrues on the loan during deferment can either be paid monthly or quarterly, or can be capitalized quarterly. To request a deferment, a borrower must call their assigned Direct Loan Servicer after they have received notification from Direct Loans.  This notification is not sent to borrowers by Direct Loans until after their first disbursement has been made.

Parents who wish to apply for a Parent PLUS Loan should download, print, and complete the appropriate application below.

Complete this application for Undergraduate Day students enrolled September 2014 through August 2015 and College of Professional Studies (CPS) students enrolled July 2014 through June 2015. 

2014-2015 Federal Direct Parent PLUS Loan Application [pdf]

All first-time parent borrowers must complete the online PLUS Master Promissory Note (MPN) before PLUS loan funds can disburse. The PLUS Loan MPN can be completed at Parents who are approved with an endorser (credit worthy cosigner) must complete a new MPN for each loan application they submit. Parent borrowers do not need to complete a Federal Loan Entrance Interview.

Federal Direct Graduate PLUS Loan

Unlike Federal Direct Stafford Loans, the Federal Direct Graduate PLUS Loan requires credit approval by the Direct Loan Servicer. Application requests are submitted to Student Financial Services. Students have up to 25 years to repay the Grad PLUS loan. The Grad PLUS loan can be consolidated with federal Stafford and Perkins loans upon graduation.

Grad PLUS Loans do not have a grace period. Repayment begins after a student is no longer enrolled at least half-time. Students who drop below half-time status then re-enroll above half-time status will need to request their loans be deferred again through their assigned Direct Loans servicer.

Graduate students with myNEU access can apply for a 2014-2015 Graduate PLUS Loan through the student portal by clicking on the “Federal Graduate PLUS Loan Application” link under the “Self Services” tab. Students that do not have portal access or have trouble applying via the portal should download, print, and complete the application below.

2014-2015 Federal Direct Graduate PLUS Loan Application [pdf]

The 2015-2016 Federal Direct Graduate PLUS Loan Application is not yet available on the Portal.  Please use the application below until futher notice.

2015-2016 Federal Direct Graduate PLUS Loan Application [pdf]

In order for first-time graduate student borrowers to receive PLUS Loan funds, the online Federal Entrance Couseling and PLUS Loan Master Promissory Note (MPN) must be completed. These requirements can be completed at