The Hawai'i Pacific University Office of Financial Aid is committed to assisting you with funding your student's education.  The Federal PLUS Loan (Parent Loan for Undergradaute Students) enables parents, on behalf of their student, with good credit history, to borrow funds up to the Cost of Attendance, after all other forms of assitance have been offered to the student directly.  Although we do not encourage unnecssary borrwing, we want to make you aware of this option to assit with financing.

PLUS Loan repayment begins immediately.  The interest rate is currently fixed at 8.50%.  Interest is charged on the loan from the date the first disbursement is made until the loan is paid in full.  Certain hardships may entitle borrowers to defer repayment on the loan principle.  Contact your lender for details.

We have a list of frequently used lenders available online as a guide.  Please note, you are welcome to select any lender you choose, even those not listed on our online list.  However, if you have previously received a Federal Plus Loan you should, if possible, remain with the lender that made your previous loan.

The Following Steps are Required In Order To Have Your Plus Loan Processed:

1. Student must accept the PLUS loan on the 2009-2010 Estimated Financial Aid Award Notification via their HPU Pipeline account.  NOTE: Accepting a PLUS loan as part of your award offer does not guarantee or secure funds.  An eligible parent borrower must complete a lender application and meet the lender's credit requirements.
    
2. Any additional documentation requested on the 2009-2010 Estimated Financial Aid Award Notification must be submitted to the Hawai‘i Pacific University Financial Aid Office.
    
3. Parents must complete the online PLUS Loan Application and Promissory Note with the lender they have selected.  Information on credit approval and completed applications will be forwarded to the Hawai‘i Pacific University Financial Aid Office.
    
4. Parents are encouraged to call the lender they are planning to use for a credit pre-approval review.  Please ask that the pre-approval notification be sent to the HPU Financial Aid Office so that we know whether or not to start processing your PLUS Loan Application.  We may be able to award a smaller loan amount to your son or daughter if you are not pre-approved for the PLUS Loan, but we need to know early in the process.  If you wait to do the pre-approval you may not have the necessary financial information you need to make an informed decision to attend the University.  Please request the pre-approval early and make sure the Financial Aid Office is notified promptly!

Apply for Federal Plus Loan