Navigate Up
Sign In

Harkins Hall, Room 403
One Cunningham Square
Providence, RI 02918
Phone: (401) 865-2286
Fax: (401) 865-1186


Parent Loan for Undergraduate Students (PLUS)

Your parent may consider applying for a Parent PLUS Loan to help manage the difference between your direct charges and financial aid you are receiving.

These loans are in the parents’ name on behalf of the student based on the credit history of a parent.  For PLUS loans disbursed on or after July 1, 2008 parents have the option of beginning repayment on the loan either 60 days after the loan is fully disbursed (i.e. approximately March of the students’ spring semester) or not until 6 months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis.

The Direct Parent PLUS loan program offered by the U.S. Department of Education is dually administered by The Office of Financial Aid and our Student Loan Office.  The interest rate on Direct Parent PLUS Loans disbursed on or after July 1, 2015 is fixed at 6.84%.  Interest is charged on a Parent PLUS Loan from the date of the first disbursement until the loan is paid in full.  In addition, there is a 4.292% processing fee deducted from the total loan amount you have requested to borrow.

If you are interested in the Direct Parent PLUS loan please visit to begin your application and visit the Student Loan Office for more processing information. 

Please note, Providence College requires all families who apply for a Parent PLUS loan must also complete a current year Free Application For Federal Student Aid (FAFSA) even if the family is not interested in receiving other federal student aid.

Catholic and Dominican

What does it mean to be a Catholic and Dominican college? We invite you to explore this question and the distinctive mission of Providence College.
About Providence College's Catholic and Dominican Identity