Parents who have borrowed a Parent PLUS Loan before July 1, 2026, on behalf of a dependent student enrolled in a credentialed program may continue to borrow under the current loan program rules for up to three additional academic years or for the remainder of that program’s published length at 足球游戏_中国足彩网￥体育资讯, whichever is shorter. This exception applies only if the dependent student remains in the same program of study.

Effective July 1, 2026, parents of new student borrowers can take out a Parent PLUS Loan of up to 20,000 dollars for a student's first year, with a total borrowing limit of $65,000 across four years of full-time enrollment.

Eligibility

The Parent PLUS loan is available to credit-worthy parents of dependent undergraduate students who have submitted a FAFSA, regardless of financial need. To be approved, the parent must not have an adverse credit history.

Conditions that result in an adverse credit history include:

• One or more debts with a total combined outstanding balance greater than $2,085 that are 90 or more days delinquent or that have been placed in collection or charged off (written off) during the two years preceding the date of the credit report.
• Having been subject to any of the following conditions during the five years preceding the date of the credit report:
  • Default determination
  • Discharge of debts in bankruptcy
  • Foreclosure
  • Repossession
  • Tax lien
  • Wage garnishment
  • Write-off of a federal student aid debt

Options if denied

If you are denied a Parent PLUS loan because of adverse credit, you may...

• Reapply with a credit-worthy cosigner.
• Appeal the denial with the Department of Education if there are extenuating circumstances related to your credit history that you can document.
• Contact us, as your student may be eligible for an additional Federal Direct Unsubsidized loan.

足球游戏_中国足彩网￥体育资讯 is unable to award additional institutional financial aid to students whose parents are denied.

Interest Rates and Fees

For the 2025–2026 academic year, the federal Parent PLUS Loan has a fixed interest rate of 8.94 percent for loans first disbursed on or after July 1, 2025, and before July 1, 2026. This interest rate is set by the federal government and stays the same for the life of the loan, but new rates for future years are announced each July 1 and may change.

How to Apply

To apply, visit StudentAid.gov. Under the "Loans and Grants" drop-down menu, click on the "PLUS Loans" link.

A credit check will be conducted once you begin the loan application process. If you were initially denied the Parent PLUS loan but have since qualified by obtaining an endorser or documenting extenuating circumstances, you will also be required to complete PLUS Counseling through StudentAid.gov.

Once you're approved, the Department of Education will send confirmation of your loan approval and the details of the requested amount. The loan will be added to your student's financial aid offer after processing.

Repayment

Repayment begins 60 days after the last disbursement of the loan. However, repayment can be deferred while the student is enrolled at least half-time and for an additional 6-month grace period after the student graduates. Payments are made to your Direct Loan servicer [link to Graduation and Repayment] each month. The minimum payment is $50, but that amount will likely be higher depending on the total amount borrowed.

The standard repayment period is 10 years, but can be as long as 25 years, depending on total borrowing and chosen repayment plan.