Academic Year 2025-26

The University of Rhode Island participates in the Federal Direct Parent PLUS Loan Program. The University receives funds directly from the U.S. Department of Education and disburses (pays) them to eligible students. The student must file a FAFSA (Free Application for Federal Student Aid) for the academic year they would like to receive the loan(s) in order to be eligible for the Federal Direct Parent PLUS Loan.

The rates below are set by the federal government. The interest rate and origination fee pertains to Academic Year 2024-2025.  Note: For the Academic Year 2025-2026 the interest rate and origination fee will be announced after July 1, 2025. 

• PLUS Loan Interest rate – 9.083%
• PLUS Loan Origination fee – 4.228%

First time Parent PLUS Loan Applicants

• Complete the 3 steps below. 

Returning Parent PLUS Loan applicants with an URI Master Promissory Note (MPN) on File

• Complete the credit check each year – Step 1 below
• Complete the URI RI Supplemental Application each year – Step 3 below

1. Click here to complete a credit check for a PLUS Loan. Log in using parent FSA-ID and password.
   
   -If approved, continue with Steps 2 and 3. The borrower (parent) will receive the results of a borrower-initiated credit check immediately. The credit check decision will be good for 180 days.
   
   -If denied, please review your options in your email. For more information please review the “PLUS Loan Denial Options” tab above. 
2. Click here to complete a Master Promissory Note (MPN). Log in using parent FSA-ID and password.
3. Click here to complete the URI supplemental Parent Loan Application. 
   a. Please note you will need to enter: your student’s URI ID #, your student’s Social Security Number (SSN), and your student’s date of birth.
   b. Be sure to click the magnifying glass to specify Academic Year “2026”.

Academic Year 2024-25

The University of Rhode Island participates in the Federal Direct Parent PLUS Loan Program. The University receives funds directly from the U.S. Department of Education and disburses (pays) them to eligible students. The student must file a FAFSA (Free Application for Federal Student Aid) for the academic year they would like to receive the loan(s) in order to be eligible for the Federal Direct Parent PLUS Loan.

The rates below are set by the federal government. The interest rate and origination fee pertains to Academic Year 2024-2025. 

• PLUS Loan Interest rate – 9.083%
• PLUS Loan Origination fee – 4.228%

First time Parent PLUS Loan Applicants

• Complete the 3 steps below. 

Returning Parent PLUS Loan applicants with an URI Master Promissory Note (MPN) on File

• Complete the credit check each year – Step 1 below
• Complete the URI RI Supplemental Application each year – Step 3 below

1. Click here to complete a credit check for a PLUS Loan. Log in using parent FSA-ID and password.
   -If approved, continue with Steps 2 and 3. The borrower (parent) will receive the results of a borrower-initiated credit check immediately. The credit check decision will be good for 180 days.
   -If denied, please review your options in your email. For more information please review the “PLUS Loan Denial Options” tab above. 
2. Click here to complete a Master Promissory Note (MPN). Log in using parent FSA-ID and password.
3. Click here to complete the URI supplemental Parent Loan Application. 
   a. Please note you will need to enter: your student’s URI ID #, your student’s Social Security Number (SSN), and your student’s date of birth.
   b. Be sure to click the magnifying glass to specify Academic Year “2025”.

PLUS Loan Denial Options

Option 1: The Student May Receive an Additional Federal Direct Unsubsidized Loan 

1. Contact the Enrollment Services Loan Coordinator (ESLoanCoordinator-group@uri.edu) to receive an additional Federal Direct Unsubsidized Student Loan.
2. The amount that a student is eligible for is determined by their class year:

• Freshmen & Sophomores: $4,000 in additional funds
• Juniors & Seniors: $5,000 in additional funds.
• Once the Loan Coordinator confirms that the Federal Direct PLUS Loan was denied, the additional unsubsidized loan will be awarded to the student.
  • The student will then need to accept this loan via eCampus. 

Option 2: Click here to appeal the credit decision with the U.S. Department of Education

• The parent needs complete both of the following by clicking the links below:
  • Master Promissory Note (MPN)
  • PLUS Loan Credit Counseling
• You may also appeal by calling 1-800-433-3243. Once an appeal has been submitted, the U.S. Department of Education will review and provide the parent with a follow up. 

Option 3: Click here to reapply with an endorser (Co-Signer)

The parent needs complete both of the following by clicking the links below:

• Master Promissory Note (MPN)
• PLUS Loan Credit Counseling

Enter the borrower’s (parent) last name and the endorser code. The endorser code was provided to the parent during the original credit check. If the parent does not have this code, they should contact 1-800-433-3243 for assistance.