Federal Parent Loans for Undergraduate Students (PLUS)
PLUS Loans
Parent PLUS Loans are borrowed by parents on behalf of their dependent undergraduate students. This program provides parents with good credit histories the opportunity to borrow an amount each year that does not exceed the student's cost of education minus any financial aid received.
For the 2024-2025 academic year, the fixed interest rate for Parent PLUS loans is 9.08%.
Grad PLUS Loans are available to graduate or professional students who need to borrow additional funds to cover their educational costs. Similar to Parent PLUS loans, Grad PLUS loans allow borrowers to cover the cost of education minus any financial aid received.
For the 2024-2025 academic year, the fixed interest rate for Grad PLUS loans is also 9.08%.
Both Parent PLUS and Grad PLUS loans are disbursed in two payments and are made co-payable to the borrower and Gallaudet University. Any refunds to the borrower must be paid back to Gallaudet University if the student has any outstanding non-institutional or past balance charges.
These loans are not subsidized, and interest and principal repayment begins within 60 days of the loan disbursement, once fully disbursed. Deferment of principal and/or interest may be available on PLUS loans. Borrowers should contact their PLUS loan servicer for further information.
Origination Fee for loan disbursement for Direct PLUS loans:
- On or after October 1, 2024, and before October 1, 2025: 4.228% Loan Fee