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William D. Ford Federal Direct

PLUS Loan Program

(Parent Loan for Undergraduate Student)

Federal PLUS loans are available to parents of dependent undergraduates enrolled at least half-time.

Key Points

• Parent borrowers must pass a credit check.
• Loans are available regardless of family income.
• Parents may borrow the entire cost of attendance minus any other financial aid.
• Fixed interest rate of 7.9%.
• Repayment begins within 60 days after final disbursement for the period of enrollment.