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 StudentLoans.gov.

 

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