Subsidized
No
Interest rates
Please view studentloans.gov for the most recent interest rates.
Loan fees
Please view studentloans.gov for the most recent loan fees.
Grace period
No, see deferment discussion below.
Cancellation
You or your parents may be eligible for Public Service Loan Forgiveness. Borrowers will need to work with their servicer to determine eligibility. Additional info regarding Public Service Loan Forgiveness may be found at at studentloans.gov.
Parent PLUS loans are available to qualifying parents of dependent undergraduate student. Regardless of the borrower, the terms of the loan are the same.
Eligible parents of dependent undergraduate students must complete the following:
Interest on these loans accrues from the moment of disbursement and throughout the entire life of the loan. The loan origination fee will be deducted from your disbursements by the government before the funds are issued.
The Federal Direct Parent PLUS loan is a non-need-based loan that requires a credit check. The annual loan limit is your cost of attendance minus any other aid they are receiving. There is no aggregate cap on this loan program.