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Federal Parent Loans for Undergraduate Students (PLUS)

Parent PLUS Loans (2025–2026 Academic Year)

Parent PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay for education expenses not covered by other financial aid. These loans are credit-based and require a good credit history for approval.ucdenver.edu

Interest Rate and Origination Fee

  • Interest Rate: Fixed at 8.94% for loans first disbursed on or after July 1, 2025, and before July 1, 2026. ASU Tuition

  • Origination Fee: 4.228%, deducted from each disbursement.

Loan Request Deadlines

  • Fall Semester: November 15, 2025

  • Spring Semester: April 15, 2026

Loan Disbursements

Parent PLUS Loans are typically disbursed in two equal payments—one for the fall semester and one for the spring semester—and are made co-payable to the parent borrower and Gallaudet University. If the student has any outstanding non-institutional or past balance charges, any refunds from the loan must first be applied toward those charges.

Repayment

Repayment of principal and interest generally begins within 60 days after the loan is fully disbursed, unless the borrower requests a deferment while the student is enrolled at least half-time. Interest begins accruing from the date of disbursement. Parents should contact their loan servicer to request deferment or for repayment plan options.

Eligibility Restrictions

Parents may not borrow a PLUS Loan if they are in default on a federal student loan or owe an overpayment on a federal education grant. Additionally, parents who have had a federal student loan discharged due to total and permanent disability (TPD) may not be eligible for a new PLUS Loan. Eastern University+1

Options if Loan is Denied

If a Parent PLUS Loan is denied due to credit, dependent students may:

  • Increase their federal Direct Loan eligibility by being treated as an independent student for loan purposes.

  • Obtain an endorser (co-signer) for the Parent PLUS Loan.

  • Appeal the credit decision by providing documentation of extenuating circumstances to the loan servicer.

Students should contact the Financial Aid Office to discuss options and submit any required documentation.

Application Process

Parents must complete the Parent PLUS Loan Application and Master Promissory Note (MPN) at studentaid.gov each year they wish to borrow. A credit check will be performed as part of the application process.