FEDERAL DIRECT PLUS LOAN INFORMATION
FOR PARENTS

PLUS loans enable parents with good credit histories to borrow on behalf of each child who is a dependent undergraduate student enrolled at least half time. PLUS loans are available through the Department of Education

Candidates:

Parents of Dependent Students

Loan Maximum:

You may borrow up to the cost of education minus  other financial aid awarded, as determined by the Financial Aid Office. For example, if the school's cost of attendance is $10,000 and the student is eligible for $5,000 in other aid, you may borrow up to $5,000 through a Federal Direct PLUS loan.

Required Forms:

Interest Rate


The Federal PLUS Loan has a fixed interest rate of 6.41%

Repayment Information:

Between 10 and 25 years to repay depending on the amount owed and the type of repayment plan selected