Financial Aid Info for Parents

  • This page is designed to provide helpful information that pertains to parents regarding their student’s financial aid. 

    Students Rights Under the Family Educational Rights and Privacy Act (FERPA)

    The Family Educational Rights and Privacy Act affords students certain rights with respect to their education records. For more information, please visit the Office of the Registrar. In order to remain in accordance with FERPA, any persons calling on behalf of the student will need to be authorized on the Student Record Release Authorization. See below for more details.

    Student Record Release Authorization

    Through MyIUP, students may designate individuals or entities to whom their educational record information can be released. If you are calling on behalf of your student, you must be listed as an authorized user on MyIUP. The student will need to create a keyword and phrase for each authorized user. 

    Parent and Family Member Orientation

    IUP spring/summer parent and family orientation is committed to providing parents and families with the information necessary to help facilitate student successes in and transition to college. Parent and Family Orientation takes place simultaneously with the two-day freshman student program or the one-day transfer student orientation program. The Parent and Family Orientations include multiple topics helpful for parents and family members, including a presentation from the Financial Aid Office. Please view the PowerPoint presentation for an example of what the Financial Aid Office presents during Parent and Family Orientations. For more information and the orientation process, please visit Disability Access and Advising.

    Federal Direct Parent PLUS Loans

    The Direct PLUS Loan is an additional loan option that the parent of a dependent undergraduate student* can borrow on behalf of his/her student to assist in covering additional educational expenses. Parents can borrow amounts up to the cost of education minus other financial aid. The student must be enrolled on at least a half-time basis (six credits) in order to be eligible to receive the loan. 


    The interest rate is fixed at 7.60 percent for the 2018–19 academic year. Repayment of principal and interest begins 60 days after the funds are fully disbursed for the loan period. Some limited deferment provisions are available. 

    To apply

    • A FAFSA must be on file, and the parent must complete the PLUS electronic application. To log in, you will need your FSA ID (the same FSA ID you used to sign the FAFSA electronically).
    • The electronic application typically opens in mid-late July for the academic year.
    • You will be notified of the credit decision immediately. The Financial Aid Office will receive the electronic notification and will process the request within five to seven business days. 
    • A credit check is valid for 180 days, so you should not apply any earlier than 90 days before the start of a semester.
    • Credit approval is based on the absence of an adverse credit history, which is defined as being more than 90 days late on one or more debts greater than $2,085 as of the date of the credit report or having one or more debts placed in collection or charged off during the two years preceding the date of the report. Applicants with an adverse credit history who are subsequently approved by obtaining an endorser or appealing the credit denial are also required to complete PLUS Loan Counseling
    • If the credit is denied, the student may be eligible for additional funding in the Unsubsidized Direct Loan. The Financial Aid Office will review the student's record for eligibility. 

    *A step-parent may apply on behalf of his/her student. However, the step-parent must be listed on the FAFSA.

    Private/Alternative Loans for Parents

    Parent loans are private alternative loans for parents and other individuals to borrow on behalf of their undergraduate or graduate student to help pay for college. Students are not the borrowers. For a complete list of private loan servicers who participate in this specific program, please visit ELMSelect.