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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 7.9% interest for loans borrowed through the Direct Loan program, 8.5% for loans borrowed through a bank or lender.
- 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.
- To request a PLUS Loan, please complete the PLUS Request Form and submit it to our office.
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