Federal Direct Parent Loans (PLUS)

Federal Parent Loans for Undergraduate Students are available to creditworthy borrowers who seek assistance in meeting expected family contributions. There is no current maximum loan except that the amount borrowed cannot exceed the cost of attendance, less other financial assistance received by the student. The interest rate for a Federal PLUS is fixed at 7 percent for loans disbursed on or after July 1, 2017, and before July 1, 2018, and fixed for the life of the loan. The origination fee on a Federal Direct Parent PLUS Loan is 4.264 percent.