Federal Parent PLUS Loan

Parent Loan

The Federal Direct Parent PLUS Loan allows parents to borrow up to the cost of education less any other aid. For 2021-2022, the interest rate is 6.28% with an origination fee of 4.228% of the principal loan amount. Payments begin when the loan is fully disbursed for the year, or the borrower can apply to have the loan deferred while the student is in school.

NOTICE: To complete the Parent PLUS Loan paperwork, you will need your SSN and FSA ID.

The application for the Federal Parent PLUS Loan requires the following forms be completed:

  1. Apply for a Direct PLUS Loan
  2. Complete PLUS Loan Master Promissory Note for Parents