Federal Parent PLUS Loan Program (parents of undergraduates only)
Parents of dependent undergraduates students can take-out a Parent Plus loan to supplement the Direct Loan, subject to cost of attendance and credit rating. Information about the fixed interest rates for these loans can be found at https://studentaid.ed.gov/sa/types/loans/interest-rates. The fixed interest rate for these loans is currently set at 7.08%. There will be a 4.236% Origination fee for 2019-2020. Repayments start 60 days after the final disbursement (unless extended).