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Undergraduate Federal PLUS loan

• Terms & Fees
• Repayment Terms

The Undergraduate Federal PLUS Loan is a government-sponsored fixed interest parent loan obtained through a private lender, such as a bank, credit union, or savings and loan association under the Federal Family Education Loan (FFEL) program.

The interest rate for Undergraduate Federal PLUS Loans is fixed at 8.5% for loans disbursed after July 1, 2006.

• Either parent may borrow for each dependent undergraduate student up to the cost of attendance minus financial aid
• The amount borrowed may replace the expected family contribution
• Parent borrower must be a U.S. citizen or eligible non-citizen
• Student must be dependent, an eligible citizen or non-citizen and enrolled at least half-time
• Parent borrower must have a satisfactory credit rating

To View a Federal PLUS Loan Lender Comparison Chart Click Here!