Below is a list of federal direct loans available to parents and graduate students. Additional private loans may be available, in addition to scholarships and grant aid. For more information on how to get started with federal loans, visit our Loan Requirements page.

For information on disbursement, see the button below:

Receiving Aid

Federal Direct Loans for Parents and Graduate Students

These loans allow credit worthy parents of dependent undergraduate students who are enrolled at least half-time to borrow up to the cost of education minus other aid. Repayment begins while the student is in school and some deferment options are available. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HCU. The interest rate is variable and is adjusted each year, but will not exceed 9%. In order to receive the loan, the student must complete the Free Application for Federal Student Aid (FAFSA). Parent loan borrowers must complete the Direct PLUS Loan application, credit check and master promissory note.

If a parent loan of a dependent student is denied, the Parent PLUS loan Freshman and Sophomore students would be eligible for an additional $4,000 in Unsubsidized Loans and Junior and Senior students would be eligible for up to $5,000 in Unsubsidized loans.

These loans allow credit-worthy graduate students who are enrolled at least half time to borrow up to the cost of education minus the Direct Loans and other aid. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HCU. Repayment begins while the student is in school and some deferment options are available. In order to receive the loan the student must complete the Free Application for Federal Student Aid (FAFSA). Borrowers must complete the Direct Grad PLUS Loan application, credit check and master promissory note.

Loan Requirements

Parents or graduates who decide to borrow a federal loan may be required to complete certain loan requirements, such as a Master Promissory Note (MPN) or entrance counseling. Learn more about these loan requirements using the button below.

PLUS Loan Requirements

If you are applying for a PLUS Loan, you must ensure that you are selecting the correct aid year and using the correct dates (e.g., 2023-2024 academic year and May 2023-May 2024 for the loan dates).

In addition, PLUS applications for the upcoming academic year are typically available in April. For questions or more information, contact our office.

Loan Requirements