FEDERAL DIRECT PARENT PLUS LOAN
Federal Direct Parent PLUS Loan
The Parent PLUS Loan is a federally sponsored education loan that offers a low, fixed interest rate. The Parent PLUS Loans are made to parents of students attending the institution. Parents are solely responsible for loan repayments – not the student. The standard repayment period is ten years, but there is no penalty for early payoff. These loans typically go into repayment 60 days after full disbursement, but you may delay repayment while your student is enrolled in school; however interest will continue to accrue.
