/Institutions/Hamilton-College/json/current/College-Catalogue-local.json

/Institutions/Hamilton-College/json/current/College-Catalogue.json

Federal Direct Parent Loans (PLUS)

Federal Parent Loans for Undergraduate Students are available to creditworthy borrowers who seek assistance in meeting expected family contributions.

Effective July 1, 2026, all parents (combined) may borrow $20,000 per year per dependent student and a $65,000 aggregate limit per dependent student (includes amounts forgiven, repaid, or discharged).

Legacy Provision: If the student or parent borrower has a Federal Direct Loan made before July 1, 2026, while the dependent student is enrolled in a program of study, the parent can continue to borrow under current loan limits for 3 academic years or the remainder of their dependent student’s expected time to credential, whichever is less.

The interest rate for a Federal PLUS is fixed at 9.07% for loans disbursed on or after July 1, 2026, and before July 1, 2027, and fixed for the life of the loan. The origination fee on a Federal Direct Parent PLUS Loan is 4.228%.