PLUS (Parent Loans for Undergraduate Students) loans: PLUS loans enable parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half-time.

Interest Rates and Repayment:

The interest rate is variable (6.79% during 2001-2002) with a cap of 9%. The interest rate is adjusted each year on July 1. A fee of up to 4% will be deducted from each disbursement. Interest begins immediately. Repayment generally begins within 60 days after the final loan disbursement for the academic year with a maximum repayment period of ten years.

Online Application