What are Parent PLUS Loans

Federal Parent PLUS Loans are for parents of dependent students and are based upon credit worthiness. Under this program, parents can borrow up to the cost of education at an accredited institution, minus any financial aid a student receives themselves. Repayment of a Parent PLUS Loan begins within 60 days of the final disbursement of the individual loan.

Repayment can take up to 25 years based on the total outstanding account balance. There are different options for repaying once the repayment period has begun. Find out more about these options by:

For parents who are borrowing money to pay for their dependent undergraduate child’s education, and for graduate or professional degree students; financial need is not required.