The Federal Direct PLUS is a loan designed for parents of dependent undergraduate students.

PLUS Loan Applications for 2021-2022 will be available for parents to apply on on May 17, 2021. 


Federal Direct Parent PLUS loans are an additional way to pay your remaining costs here at Warren Wilson College.  If the parent wishes to borrow the PLUS loan, please follow the steps on this form to complete the process. This is a federally sponsored loan for parents of undergraduate students and is used by many Warren Wilson College parents to help pay the remaining balance.   Parents of all income levels are eligible. However, there is a creditworthiness evaluation conducted by the Department of Education before the loan is approved. In order to apply for the Parent PLUS loan, the parent will visit and log in using the parent FSA ID and password.  The parent borrower must complete the Federal Direct Parent PLUS loan application and will also need to complete the PLUS Master Promissory Note. 

If the parent chooses to apply for the PLUS loan and is denied by the government, the student will be eligible for up to $4000 unsubsidized student loan funds as a freshman or sophomore (juniors and seniors may be eligible for up to $5000).  If the parent indicated on the PLUS Loan application that they will be using an endorser, the additional unsubsidized funds will not be processed and the parent will be contacted by WWC Financial Aid Office.  If the parent indicated on the PLUS Loan application that they will NOT be using an endorser, WWC Financial Aid Office will process the additional unsubsidized funds. 



  • Who qualifies: All credit-worthy biological or adoptive parents (in some cases stepparents are eligible) of undergraduate students are able to borrow. Financial need is not a requirement for the PLUS loan but completing a FAFSA is mandatory for determining eligibility for this loan.
    • Please do not use the student's information as the borrower of the PLUS Loan. 
    • PLUS Loans are for parents to borrow, not for students. 
    • ALL documents (PLUS application, MPN, etc.) must be in the parent's name, not the student's.  


  • Borrowing limits: Parents are only eligible to borrow up the cost of attendance. However, the parent may decline this loan or reduce the amount by contacting the WWC Financial Aid Office.  On the application, the parent will indicate the amount in which they want to apply.  Parent PLUS Loan funds can be used for educational expenses, so borrow only what is needed.  The maximum eligibility amount per academic year is the school’s estimated cost of attendance minus the combined total of all other financial aid.


  • Interest rate: This is a fixed-rate loan of 6.28% for loans first disbursed on or after July 1, 2021, and before July 1, 2022.


  • Fees: There is a 4.228% origination fee deducted by the government. The net amount of your loan will be 95.772% of the amount originally borrowed. (If you borrow 10,000, you will only receive $9572).  This is for PLUS Loans disbursed on or after 10/1/2020 and before 10/1/2022.  


  • Disbursement: PLUS loan proceeds are sent directly to the college in two disbursements fall 2021 and spring 2022.    The funds are sent by electronic funds transfer (EFT). The WWC Student Accounts Office will credit loan funds to the student’s account and any excess will be refunded to the parent or the student, whoever is designated on the PLUS Application completed online.


  • Repayment: Repayment of this loan begins after full disbursement. The parent borrower may be eligible for deferment options which they may discuss with the servicer.   



STEP 1:     How to determine the amount of Parent PLUS Loan to borrow

Before the parent begins the application for the Parent PLUS Loan they will be asked to determine the amount they wish to borrow or the parent may select the maximum loan indicator within the loan application.


To determine the amount to request in a Parent PLUS Loan: take the “Anticipated Balance Due” listed on your students billing statement, multiply it by two (to account for fall and spring semesters), and add 4.236% (loan origination fees). If you want to request the maximum amount of loan up to the cost of attendance, then you will select this option within the application.



STEP 2:     Before Warren Wilson College can process a parent loan on behalf of the student, a parent must

complete the PLUS Loan Application.  The application must be completed online at  A parent must sign in to begin the process using their FSA ID and password.  Once the parent signs in, select apply for aid in the top drop-down menu.  Then the parent will select

Apply for a Parent PLUS Loan.  Then locate the Direct PLUS Loan Application for Parents and click the Start icon.  Follow the prompts and complete the online application.  Please make sure you use the parent information for all documents, the student is not the borrower.


  • If approved the WWC Financial Aid Office will apply and accept the amount requested to the student’s financial aid offer.
  • If denied, the parent borrower will receive an email from the federal processor giving the applicant the option to appeal the credit status or obtain an endorser.  If they wish to continue with a credit appeal or seek an endorser the parent borrower will also need to complete credit counseling.  If the parent borrower seeks an endorser, the endorser will need to complete an endorser addendum.  The endorser will need a FSA ID to complete this step.   
  • If denied and the parent indicated they will not be seeking an endorser the WWC Financial Aid Office will offer the additional unsubsidized eligibility to the student and notify the student by email to accept or decline the loan offer on Net Partner.



STEP 3:         After completion of the Parent PLUS Loan application, the parent (not the student) will complete the Master Promissory Note or MPN. 

                      The parent will need to complete their MPN on


STEP 4:          After the WWC Financial Aid Office receives your all of the parent's completed loan paperwork it will be processed within 3 to 5 business days. 




If you have questions regarding the process for a Federal Direct Parent PLUS Loan please contact the financial aid office. 

Call or Text 828.771.2082  or by email [email protected].