The Parent PLUS Loan is a federal student loan available to the parents of dependent undergraduate students.

Parents of dependent undergraduate students borrow the Parent PLUS Loan to help their children pay for college or career school. The Parent PLUS Loan offers a fixed interest rate and flexible loan limits.

Loan Limit
Year 1 and 2 $4,000 higher
Year 3 and beyond $5,000 higher
Aggregate (cumulative) limit $26,500 higher

Other Requirement
Students must be enrolled in school on at least a half-time basis
Male students must have registered with the Selective Service (not required for father)
Students and parents must be U.S. citizens or nationals, permanent residents, or eligible noncitizens
Students and parents can’t be in default on a federal student loan
Parent PLUS Loan proceeds must be used for educational purpose