Parent PLUS Loans

Parent PLUS Loans are federal loans available to parents of undergraduate students to help cover college costs not met by other aid. These loans are borrowed directly from the government and must be repaid with interest. The loan amount can be up to the total cost of attendance minus any financial aid received. They require a credit check, and approval is based on certain credit criteria. Parent PLUS Loans offer a way for families to finance higher education but typically come with higher interest rates and less flexible repayment options compared to other federal student loans.