PLUS Loans

PLUS Loans are federal student loans available to graduate students and parents of dependent undergraduate students to help cover education costs not met by other financial aid. They typically have higher interest rates and borrowing limits compared to other federal student loans. Borrowers are responsible for paying the interest, which can be added to the loan balance if not paid during school. These loans provide a way to finance education beyond scholarships and grants, but it’s important to borrow responsibly, considering future repayment obligations.