Direct PLUS Loans are low-interest loans for parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the government) rather than a bank or other financial institution. With a PLUS Loan, you borrow directly from the federal government and have a single contact - the loan servicer - for everything related to the repayment of the loan. You can also choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.

Direct PLUS Loans are unsubsidized loans for the parents of dependent students and for graduate/professional students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.

Parent Eligibility
You must be the student's biological or adoptive parent or the student's stepparent, if the biological or adoptive parent has remarried at the time of application. Your child must be a dependent student who is enrolled at least half-time at a school that participates in the Direct Loan Program. For financial aid purposes, a student is considered "dependent" if he or she is