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FINANCIAL AID OFFICE P: (877) 672-1830
161 WILLIAM STREET, 8th FLOOR, NEW YORK, NY 10038 F: (212) 346-1750
78 NORTH BROADWAY, WHITE PLAINS, NY 10603 F: (914) 989-8776
861 BEDFORD ROAD, PLEASANTVILLE, NY 10570 F: (914) 773-3315
FINANCIALAID@PACE.EDU
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What You Need to Know: PLUS Loan Application Process at Pace University
The U.S. Department of Education makes Direct Graduate PLUS Loans available to graduate & professional students and Parent PLUS Loans available to eligible parents of dependent, undergraduate students to assist in covering remaining educational expenses once scholarships and grants are deducted.
To apply eligible borrowers must complete the Direct PLUS Loan Application at Studentaid.gov.
Please read the following information carefully, as these steps must be taken to complete the PLUS Loan application.
IMPORTANT: The PLUS Loan Application for the upcoming Fall 2026/Spring 2027 academic year will be available to complete at StudentAid.gov beginning late April.
PLUS Information Updates
IMPORTANT: New Borrowing Limits for Incoming Students Effective July 1, 2026
As of July 1, 2026:
- Parents may borrow up to $20,000 per dependent student, annually.
- The lifetime aggregate limit per dependent student is $65,000.
Exception for Continuing Students
The $20,000 annual limit and $65,000 aggregate limit does not apply to continuing students if:
- The student is enrolled in their program as of June 30, 2026, and
- A Direct Loan was disbursed for that program (to the parent or student) before July 1, 2026.
If the student withdraws or ceases enrollment at any time, the new annual and aggregate PLUS loan limits go back into effect.
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Steps to Take Before you Submit a PLUS Loan Application (all borrowers)
Step 1: First-time PLUS Loan Borrowers (parents and students) must have a unique Federal Student Aid (FSA) ID. If you do not have a unique FSA ID please visit StudentAid.gov to create one.
Step 2: Students must log into their Pace Portal to accept or decline all existing financial aid offers.
Step 3: The parent borrower or graduate student borrower must log into Studentaid.gov using their Federal Student Aid (FSA) ID.
- Once logged in, click the "I'm a Parent" or "I'm in School" Checklist on the Federal Student Aid Dashboard.
- Click "Apply for a PLUS Loan" to help pay for education expenses not covered by other aid.
- Carefully read all PLUS Loan information and click "Start" to begin the application.
- Important: Once you get to the "School Information" section of the application you must select "Pace University, One Pace Plaza, New York, NY 10038-1598" in order to send your application credit decision information to Pace University.
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