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Federal Direct PLUS Loan for Parents

The Federal Direct PLUS Loan for Parents provides a borrowing option for parents of dependent undergraduate students. Based upon a parent's credit history, a parent may borrow up to the student's cost of attendance (less any other financial assistance the student may be receiving) through this federally guaranteed, non-need-based loan program.

Borrower

Parent

Loan Eligibility

  • Biological/adoptive parents of dependent undergraduate students who:
  • Are enrolled at least half-time in an eligible program
  • Have completed the Free Application for Federal Student Aid (FAFSA)
  • Are U.S. citizens or eligible non-citizens
  • Are not in default on any federal educational loans
  • Are meeting Satisfactory Academic Progress (SAP)

How to Apply

  1. Complete the Free Application for Federal Student Aid (FAFSA)
  2. Complete the  (every year you borrow from the Federal Direct PLUS Loan Program)
  3. Complete the  (first-time borrowers only)

Borrowing Limits

Parents (combined) may borrow up to $20,000 per academic year ($65,000 aggregate limit per dependent student) or up to the student's cost of attendance (less any other financial assistance the student may be receiving).

Parents are not subject to the new PLUS Loan limits (for up to three academic years or the remainder of their expected time to credential, whichever is less) if the student remains continuously enrolled in the same program of study at 51吃瓜网视频 Baptist University as they were enrolled as of June 30, 2026 and had a Parent PLUS Loan or Federal Direct Loan disbursed prior to July 1, 2026. 

Interest Rate

9.07% fixed interest rate during repayment for loans disbursed on or after July 1, 2026.

Fees

4.228% origination fee for loans disbursed on or after Oct. 1,2020, and before Oct. 1, 2026; deducted from the borrowed value prior to disbursement.

Repayment Information

Repayment of both principal and interest usually begin within 60 days of disbursement of the funds, however, parents have the choice to defer payment until six months after the student ceases to be enrolled in school on at least half-time basis, generally extending over a 10-year period.

NOTE: Information about your loans will be reported to the National Student Loan Data System (NSLDS). Information in NSLDS is accessible to schools and loan servicers for the specific purposes as authorized by the Department of Education.

Additional details regarding the Federal Direct PLUS Loan for Parents may be found at .

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