Direct PLUS Loans

Direct PLUS Loans are federal loans that graduate students, professional students, and parents of undergraduate students can borrow to help pay for education expenses not covered by financial aid. They typically have higher interest rates than other federal loans and require a credit check. The borrowed amount can be used for tuition, fees, books, and living expenses. Repayment begins after the loan is fully disbursed, with options for deferment while the student is in school. These loans are a way to bridge the gap between the cost of education and other financial aid received.