Parents of dependent undergraduate students may apply for the Federal Direct Parent PLUS Loan to help pay their child’s education expenses.  Depending on creditworthiness, parents can borrow the difference between the Cost of Attendance (COA) and the total financial aid award listed on the Financial Aid Award Letter.  The Interest Rate for Federal Direct Parent PLUS Loans made on or after July 1, 2023 and before July 1, 2024 is 8.05%  The Interest Rate for Federal Direct Graduate PLUS Loans made on or after July 1, 2022 and before July 1, 2023 is 7.54%.

Eligibility Requirements

The Parent must:

  • Be the student’s biological or adoptive parent;
  • Be a U.S. citizen or eligible non-citizen;
  • Not be in default on a federal loan or owe an overpayment on a federal education grant.

The Student must:

Parents may complete the Parent PLUS Loan Application online at

Federal Parent PLUS Loan or Private Alternative Loan?

Not sure what your Cost of Attendance is?  Select your program from the list below: