Tuition & Aid

Federal Direct Parent Loans for Undergraduates (PLUS)

Parents of dependent undergraduate students may borrow directly from the U.S. Department of Education to pay college costs that aren't covered by financial aid.  The maximum loan amount is the student’s cost of attendance (determined by Nazareth) minus any other financial aid received.

Interest Rate and Fees

Effective July 1, 2019: The interest rate is fixed at 7.079% An additional 4.248% origination fee is deducted by the government from each loan disbursement for loans that are first disbursed before Oct. 1, 2019. After Oct. 1, 2019, the origination fee is 4.236%. Note: Interest Rates and Fees are set by the Federal Office of Management and Budget for each academic year on June 30th.


For PLUS loans disbursed before July 1, 2008: Repayment of principal plus interest typically begins 60 days after the final disbursement is made.

For PLUS loans disbursed on or after July 1, 2008: Parents may choose to defer payments until six months after the the student ceases to be enrolled at least half time.  Parents must request the deferment.  Accruing interest can either be paid by the parent monthly or quarterly, or be capitalized quarterly.

More details.


NOTE: Federal PLUS Loan applications may not be submitted until AFTER the following dates:

  • April 15 - for students taking summer classes
  • May 1 - for students taking classes in the fall

Parents: To apply for the PLUS Direct Loan for Parents, you must:

Request the total amount of funds for the full academic year. Once your application has been approved with a credit check, Nazareth College will certify your eligibility and schedule the disbursement of funds directly into the student account at the beginning of each semester.