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How to Increase or Decrease Parent PLUS Loan Amount

Increase PLUS Loan

For Same Borrower and Same Loan Period for the Same Student

To increase a loan application for the same borrower and same loan period for the same student, you can submit a new application or select the option to "Change the application."

If you choose to change the application:

  1. Include the Reference Number of the application that you wish to modify.
  2. Enter the new total that you want to request not the additional amount you are requesting as this will result in the application entering LionPath as a decrease.

To increase a loan application for a different borrower, or for the same borrower for a different loan period and/or different student: select the "New application option;" you cannot make a change to the original application.

If you want to decrease the amount of your PLUS Loan, sign in to Studentloans.gov and request the new (total) amount on your original application—do not submit the amount you wish to decrease.

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Penn State Federal School Code

003329

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