Parent Loans

Please review the new process that begins April 2020

What is the Annual Student Loan Acknowledgement?

The Annual Student Loan Acknowledgement is an online session that will allow students and parents to see how much they have borrowed, preview what their monthly payments might be, and explain concepts such as capitalization and the difference between federal and private loans. Starting in the 2020-2021 school year, borrowers of Federal Subsidized, Unsubsidized and PLUS loans will be required to complete the Informed Borrowing Confirmation process once each award year before receiving disbursement of their loan.

How do I complete this?

After April 15th, 2020 log into your MyStudentAid account using your FSA ID and password to complete this Annual Student Loan Acknowledgement requirement.

Parent Loans

Parents are eligible to apply for loans to fund their child’s education at Athens State University. The PLUS interest rate is currently 7.9% fixed rate. Parents can borrow a PLUS Loan to help pay education expenses for their dependent undergraduate student enrolled at least half time in an eligible program at an eligible school. PLUS Loans are available through the William D. Ford Federal Direct Loan (Direct Loan) Program. PLUS loans require an acceptable credit history. Parents may borrow up to the cost of education less other financial aid offered to the student. Repayment for PLUS loans begins 60 days after the last disbursement unless the parent opts for a deferment. PLUS borrowers may choose to delay repayment until six months after the student is no longer enrolled at least half time. Interest may be paid or capitalized upon entering loan repayment.

To apply for a Federal Direct PLUS Loan:

  1. The student must have a FAFSA (Free Application for Federal Student Aid) on file with the Office of Student Financial Services. (Please see the information in Apply for Assistance for more details.).
  2. The Parent must complete a Loan Agreement for a PLUS Loan (MPN) online. This Master Promissory note requires the parent to have an FSA ID and PASSWORD to complete at
  3. The Parent must also provide application data by applying for the loan under the “Parent Borrowers” section at

Deferment Options for Parent Direct PLUS Loan Borrowers

Useful Links for the Federal Direct PLUS Loan Borrower

Direct Loans – Information about PLUS loans.