Federal Parent Loan

Up to the cost of attendance

The Federal Parent Loan for Undergraduate Students (PLUS) is a loan that can be taken out by parents of dependent undergraduate students.

Application Process

Requirements

  • All dependent undergraduate students
  • Not need-based

About this Loan

A PLUS loan must be applied for by the parent of a dependent student. Loan funds are disbursed to the student’s account in halves each semester. Payment terms can be chosen at the time of application. A loan fee of 4.228% will be withheld from the amount borrowed, and interest will begin after the first disbursement.

  • Credit decisions are based on recent credit history, not debt-to-income ratio.
  • Loan comes with a fixed 6.28% interest rate.
  • If the parent is denied the PLUS loan due to credit, the student qualifies for additional federal Unsubsidized Direct Loans ($4,000 for Freshmen and Sophomores and $5,000 for Juniors and Seniors).

Learn more about PLUS loans.

Questions? Don’t hesitate to reach out to Financial Aid at financialaid@corban.edu or 503-375-7006.

 

NWCCU ACCREDITATION

Corban University is accredited by the Northwest Commission on Colleges and Universities (NWCCU) and completed a Year-Seven Comprehensive (Evaluation of Institutional Effectiveness (EIE)) in 2022 for continued accreditation. The comprehensive self-study was followed by an onsite evaluation in October 2022. In February 2023, Corban received reaffirmation of its accreditation for 7 years. Corban University’s last Mid-Cycle Evaluation was fall 2018, and its Policies, Regulations and Financial Review (PRFR) was completed in fall 2021. As of our most recent evaluation, Corban University is compliant with the Standards, Policies, and Eligibility Requirements of the NWCCU.