William D. Ford Direct Loan Program
PLUS

Under the Direct Loan program, PLUS loans are borrowed directly from the federal government (U.S. Department of Education). Eligibility and approval for this loan is based on a credit check, which is performed by the U.S. Department of Education.  Please feel free to contact the Direct Loan Servicing Center at 1-800-848-0979 for any questions regarding the Direct Loan PLUS.

Terms:

• The interest rate is a fixed 7.9%.
• Parent Loans under the Direct Loan program deduct a 4% origination fee. 
  Example: A $15,000 Parent PLUS loan will net $14,400.  Please keep this fee in mind while calculating the actual net amount needed.
  
  

To apply for a PLUS loan through the Direct Loan program, please follow the following steps:

Step 1: 
For the 2013-2014 year: Please complete the “Direct PLUS Loan Application” which can be printed out by clicking   HERE. All sections of this application need to be completed! Once completed, please fax or mail the form directly to us.

Fax #: 212-960-0037
Address: Yeshiva University
                 Office of Student Aid
                 500 West 185^th Street
                 New York, NY 10033

Step 2: All PLUS loan borrowers must complete an electronic Master Promissory Note (e-MPN).
To complete your e-MPN, please click HERE.

Your loan will NOT be processed until you have completed all of the above steps.