Federal Parent PLUS Loans help parents and guardians with good credit borrow up to the cost of attendance for their undergraduate children. Parent PLUS Loan funds can be used for tuition, supplies, housing, and more. Repayment of a PLUS Loan begins 60 days after the full amount you’ve borrowed for a school year has been disbursed. Parents may request, through the Direct Loan Servicing Center, that repayment be delayed while their child is enrolled at least half-time and during the six-month period after their child graduates or is no longer enrolled at least half-time.

1. To apply for a PLUS Loan the parent will need to complete and return to the NTC Financial Aid Office a PLUS Loan Authorization Form which can be found on the Financial Aid forms page.
2. Parents will also need to complete a Master Promissory Note (MPN) for Parent PLUS Loans. The MPN is a legally-binding contract between the Department of Education and a borrower. The promissory note contains the terms and conditions of the loan, including how and when the loan must be repaid.
   • Complete the Master Promissory Note (MPN) for Parent PLUS now.