Celebrate 50 Years
Financial Aid

School Code: 001828

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Financial Aid Office Hours:

Normal Business Hours

Mon. & Thurs.- 8A.M.-6P.M.

Tues. & Wed. 8A.M.-5P.M.

Fri. 9A.M.-5P.M.

Aug. 25th thru Aug. 29th

Mon. - Thurs. - 8A.M. - 6P.M.

Fri. 9A.M. - 5P.M.

Contact Us:

260-481-6820

Fax: 260-481-4159

finaid@ipfw.edu

2101 E. Coliseum Blvd.
Fort Wayne, IN, 46805

Federal Direct Parent Plus Loans

A dependent student's parents, or legal guardians can apply for a Federal Direct Parent Plus loan to finance the Students education up to their Cost of Attendance. This means that for a student that does not receive aid to cover their whole budgeted amount, the difference can be covered. 

In order to apply for a Parent PLUS loans, the student must have a FAFSA on file. A credit check is required for the loan. This loan is taken out  in the parents name and the student has no obligation for its repayment. 

Students who's parents are denied a parent Plus loan, may be eligible for additional amounts in unsubsidized loans.

  • Origination fee of 4.204%
  • fixed interest rate of 6.4% (disbursed between July 1, 2013 to June 30, 2014)
  • Payment may start 60 days after disbursement for a 10 year period.
  • Deferment is possible (accruing interest) until 6 months after the student graduates or ceases to enroll in more than half-time (at least 6 credit hours).
  • Interest only payments available during deferment

Parents must also complete Entrance Counseling and Master Promissory Note, if approved at Studentloans.ed.gov

How to Apply

Parents or Legal Guardians can apply and complete a credit check by logging onto studentloans.gov and log on using their Personal Identification Number (PIN). From here you will be required to complete the Entrance Counseling and Master Promissory Note before IPFW can post your loan.

Additional Denial Eligibility 

If a parent or legal guardian is denied a Parent Plus Loan based on their credit score than the student can be eligible for addition unsubsidized loans.

Class Level
Base Amount
(Original Subidized and
Unsubsidized eligibility)
Additional Unsubsidized

Freshmen  (0-29 credits):

$5500

$4000

Sophomores (30-59 credits):

$6500

$4000

Juniors & Seniors

(60+ credits):

$7500

$5000

The base amounts are still subject to annual limits for dependents, but it does not include the additional unsubidized loans from the denials.