Federal Direct Parent PLUS Loans
- USF receives the funds electronically.
- The funds will disburse through the USF student account.
- After tuition and any other current term charges on the account are paid, any remaining balance will be issued to the student via eDeposit*, or a check will be mailed to the parent depending on which option the parent selects on the PLUS loan application.
At USF, available financial aid is disbursed after the first week of classes each term. To cancel or reduce the loan amount, parent borrowers must notify University Scholarships and Financial Aid Services prior to disbursement.
*If you have not already done so, login to OASIS and sign up for eDeposit, it speeds up the process for receiving your funds.