Parent Loans

Federal Parent Loans for Undergraduate Students (PLUS)

Amount: $100 up to the total cost of education.

  • Available to parents of college students.
  • Replaces all or part of the expected family contribution.
  • Is limited only by the cost of attendance.
  • New borrowers pay 6.84% interest for loans borrowed through the Direct Loan program.
  • A FAFSA and credit check are required.
  • Repayment begins within 60 days after the loan has been fully disbursed. Interest-only payments may be made while the student is in school. Deferments of loan payments are available – see the loan disclosure for further information.
  • Loan has a maximum repayment period of 10 years.
  • New PLUS applications may be completed at


IMPORTANT NOTE FOR VISITORS: Beginning April 17, M-99 (Superior Street) in downtown Albion will be closed from Michigan Avenue to Ash Street for significant upgrades. Please visit our Maps, Directions, and Parking page or the Michigan Department of Transportation (MDOT) website for more information.