Plus Loans

Discover federal loans for parents and grad students

See how Federal Direct Plus loans can help you pay for your child's undergraduate expenses or for your own graduate education.

What is the Federal Direct PLUS Loan program?

The Federal Direct PLUS Loan program allows eligible borrowers to access federal education loans with fixed interest rates and repayment protections that are typically more favorable than private loan options. PLUS loans do not require demonstration of financial need but do require a credit check.

Parent PLUS Loans for biological or adoptive parents of dependent undergraduate students. Beginning July 1, 2026, Parent PLUS borrowing is limited to $20,000 per student, per academic year, with a lifetime maximum of $65,000 per student across all institutions.

How much can I borrow?

The amount you can borrow depends on the type of PLUS loan and your eligibility.

Parent PLUS Loans are limited to $20,000 per student, per academic year, with a lifetime maximum of $65,000 per student across all institutions, unless the parent qualifies as a legacy borrower under prior program rules.

Loan funds are applied to tuition, fees, housing, food, and other eligible school charges. Any remaining funds after these charges are paid will be refunded to the borrower.