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Federal Direct Parent PLUS Loan

You may need funds in addition to your student's Federal Direct Loans to pay for your student's education. The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students.

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.

Penn State Federal School Code

003329

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