Federal PLUS Loan
The Federal PLUS Loan (Parent Loan for Undergraduate Students) enables a parent to borrow as much as the total cost of attendance for the academic year, less any financial aid awarded. The parent borrower has a maximum of 10 years to repay the loan. The interest rate is fixed at 7.9 percent. For all disbursements after March 1, 2013, there is a loan fee of 4.204 percent. For more information, visit http://studentloans.gov.