PLUS Loan Interest Rate

PLUS Loan Benefits:

• Fixed interest rate - 8.5%
  
• Borrow up to the cost of education

The Federal Parent PLUS Loan for Undergraduate Students enables parents and legal guardians with good credit history to pay the education expenses of each dependent child enrolled as an undergraduate at least half time in an approved college or university. These loans are available through the Federal Family Education Loan (FFEL) Program.

• PLUS Loan interest rates are fixed for all new PLUS Loans at a rate of 8.5%. These loans will not have variable interest rates.
• You may receive a 0.25% repayment interest rate credit when payments are set up for automatic debit from a bank account
• Interest may be tax deductible under the Hope Education Tax Credit.
• There is no penalty for early repayment, and consolidating your loans after each academic year is easy. It also lowers your monthly payment. Click here for PLUS Consolidation!
• Funds are usually disbursed quickly, during the first weeks of the semester. Interest accrues from the time of disbursement.

The primary benefit is that families can borrow federally guaranteed, low interest loans to help pay for their child's education, without needing to worry about collateral, need-based forms, or FAFSA preparation time. Use our online application to Apply Today!

Apply Securely Online for a Parent PLUS Loan

To learn more about the Graduate PLUS Loan, Visit GradLoans.com

Estimate your PLUS Loan Monthly Payment