Federal Direct Parent PLUS Loan
How to Apply for the Parent PLUS Loan
The Parent PLUS Loan is a federal student loan available to the parents of dependent undergraduate students. The Parent PLUS Loan offers a fixed 7.6% interest rate for the 2018-2019 school year and flexible loan limits. To be eligible, a parent can't have an adverse credit history.
If a Parent is in Default on a Federal Loan
Default is a legal term used when a borrower fails to repay a loan according to the terms of the signed promissory note.