Parent PLUS and Personal Loans

Print and complete the Parent PLUS Loan Request Form (below) and submit to the UWRF Financial Aid office. This form will authorize the Department of Education to conduct a credit check. Please email finaid@uwrf.edu with any questions.

2024-25 PLUS Loan Application
2023-24 PLUS Loan Application

Return via mail to: 
UWRF Financial Aid Office
410 S. 3rd St.
River Falls, WI 54022

Fax to: 
715-425-0708

Complete the Parent PLUS Loan Master Promissory Note (MPN) on the U.S. Department of Education's website: Complete Parent PLUS Loan MPN. Log in with parent information, click "Complete Aid Process" in the menu bar and click the "Complete Master Promissory Note" link under "Sign Loan Agreement." Select the "Parent of an Undergraduate Student PLUS MPN."

The PLUS loan is a creditworthy loan and a credit check will be completed to determine eligibility. The department will send a letter to you regarding the credit decision for your PLUS Loan application. If you have questions about the credit decision, contact the U.S. Department of Education at 1-800-557-7394.

If a parent is denied, the student becomes eligible for an additional Unsubsidized Federal Direct Loan up to $4000 (freshman/sophomore) or $5000 (junior/senior). Only one parent needs to apply for the PLUS Loan. If both parents apply and one is approved and one is denied, the student is not eligible for the additional Federal Direct Loan.

• Borrower: Students, regardless of financial need, who are a Minnesota resident. A credit-worthy co-signer is required.
• Lender: Minnesota Office of Higher Education.
• Application Process: Apply online at www.selfloan.state.mn.us.
• Interest Rate: The SELF interest rate is variable, but cannot change more than 3% in a 12 month period. Please check www.selfloan.state.mn.us for current rates.
• Repayment and FAQs: There are repayment terms while you are enrolled in school. Please see www.selfloan.state.mn.us for more information and frequently asked questions.

• Borrower: Students, regardless of financial need. Meant to provide additional funds after you have applied for federal financial aid. Alternative loans often have a higher interest rate and loan fees. For these reasons, we highly recommend all students and families apply for federal financial aid through the FAFSA before applying for an alternative loan.
• Lender: You choose between a variety of private banks and lenders on the online application.
• Loan Amount: Up to your cost of attendance, minus any other aid you have received.
• Application process: Apply online through FASTChoice or Credible. (Note: UWRF receives no compensation or consideration from these providers of private education loan comparison services. You're not limited to using the lenders listed on either FASTChoice or Credible for private education loans).
• Interest Rate and Repayment: Unlike federal loans, the terms of alternative loans are set by the individual lenders. The interest rate and fees are determined by your credit history, your debt-to-income ratio and that of your co-signer. The interest rates for alternative loans are variable and are most often based on a range using the Prime or SOFR as a base and add an additional percentage based on the borrower's credit. The current Prime and SOFR rates are available at the Federal Reserve Statistical Release.