This loan program allows parents of dependent students to borrow the amount equal to the cost of attendance minus other financial aid received. The interest rate is 7.9% and an origination fee is withheld from the loan. The parent will sign only one promissory note that will be used for all PLUS loans in that parent’s name at UNI.* By using the PLUS Loan Master Promissory Note (PMPN), the parent will not need to sign and submit a separate promissory note for each new loan. However, a UNI PLUS Loan Disbursement Agreement Form must be completed with each new loan. If you wish to borrow a Federal Direct PLUS Loan, complete, sign and return the PLUS Loan Master Promissory Note and the UNI PLUS Loan Disbursement Agreement Form to the Financial Aid Office. Beginning with 2008-2009 academic year, parents now have the option to have PLUS Loans payments defered.

Alternatively, the parent may also complete the PLUS MPN electronically using his/her FAFSA PIN (not the student's PIN) at http://dlenote.ed.gov. A paper UNI PLUS Loan Disbursement Agreement Form must still be completed and submitted to the Financial Aid Office.

*If a parent has more than one student attending UNI, a separate master promissory note will need to be completed for each student.