Parent PLUS Loan
A federal Direct PLUS Loan available to parents of dependent undergraduate students to help pay for college costs not covered by other financial aid.
Interest rate is fixed (7.54% for 2025–26 loans) and generally higher than undergraduate Direct Loans. No income limit, but parents must not have an adverse credit history. Repayment begins immediately after disbursement (deferment available while student is enrolled). Unlike student loans, Parent PLUS Loans cannot be transferred to the student.
→ ICR (Income-Contingent Repayment) is available for Parent PLUS Loans if consolidated.
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Frequently asked questions about Parent PLUS Loan
What is Parent PLUS Loan?+
A federal Direct PLUS Loan available to parents of dependent undergraduate students to help pay for college costs not covered by other financial aid. Interest rate is fixed (7.54% for 2025–26 loans) and generally higher than undergraduate Direct Loans.
Who qualifies for Parent PLUS Loan?+
No income limit, but parents must not have an adverse credit history.
How do I apply for Parent PLUS Loan?+
BenefitKarma's free Benefit Eligibility Screener can point you to the right application path.
Where can I get help?+
Use BenefitKarma's free Benefit Eligibility Screener to see what programs you may qualify for. The Find Benefits tool tool also lets you browse programs by state.