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 July 1, 2012, there is a loan fee of four percent. For more information, visit http://studentloans.gov.