Parent Loans for Undergraduate Students (PLUS) are for parents whose children are enrolled at an approved educational institution at least half-time (six credits).
- The maximum loan amount is based on the student’s other financial aid and the cost of attendance.
- Interest accrues and payments are required from the time the loan is made until it is paid off.
- You must not have an adverse credit history
The interest rate for parents whose PLUS Loan is disbursed on or after July 1, 2022 and before July 1, 2023 is fixed at 7.54%.
Any loan with a first disbursement date on or after Oct. 1, 2020 and before Oct. 1, 2023 has a loan fee of 4.228%.