PLUS Loans (Parent Loans for Undergraduate Students)

• Available to parents of dependent, undergraduate students.
• Fixed interest rate.
• Parent is responsible for the repayment of the loan.
• Repayment begins 60 days after disbursement of the entire loan amount.
• Borrower must meet minimal credit requirements.

These loans have no aggregate limit, meaning a parent can borrow as much as needed to pay for the student’s college education.