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Direct PLUS Loans for parents

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Interest rates


Loan limits

The annual maximum that may be borrowed under this program is the difference between the cost of education minus any financial aid received. There is no aggregate maximum.

Loan repayment

You have a variety of repayment options for PLUS Loans. Learn more.

Deferment and forbearance (solutions for loan repayment problems)

Find out about options if you have problems repaying your PLUS Loan.

Cancellation, forgiveness, and discharge

Learn more about cancellation.

Loan programs

Important note about Federal PLUS Loans and the Federal Family Education Loan Program: Beginning July 1, 2010, the loan types are Direct PLUS Loans available through the William D. Ford Federal Direct Loan Program. The U.S. Government makes these loans directly through schools.

If you borrowed prior to July 1, 2010, you may have a Federal PLUS Loan from the Federal Family Education Loan (FFEL) Program. (Under the FFEL Program, private lenders such as banks, credit unions, and savings and loan associations made the loans.) Although the FFEL Program and Federal PLUS Loans no longer are available, existing loans remain active.

More information

Applying for a Direct PLUS Loan
Alternatives to a Direct PLUS Loan
Understanding PLUS Loan borrowing for parents
PLUS Loan delinquency and default