Parent PLUS Loan

The Federal Direct Parent PLUS Loan enables you to borrow money at a fixed interest rate and favorable repayment terms that will help your dependent, undergraduate student pay for his/her educational expenses.  Approved credit is required.

Learn more about the Parent PLUS Loan:

Loan Components Parent PLUS Loan
Enrollment Requirement Student must enroll at least half time
Loan Fee

4.228% of the amount borrowed on a loan first disbursed on or after October 1, 2021, and before October 1, 2024.

Interest Rate

Interest rates are subject to change every July 1

9.083% fixed rate on loans funded on or after July 1, 2024 - June 30, 2025

Capitalized Interest Interest is charged from the date the funds are disbursed and capitalizes if not paid.

Borrowing Limits Parent can borrow up to the student's cost of attendance excluding other financial aid, resources and the student's annual subsidized and/or unsubsidized loan eligibility.

Borrowing Conditions Parent can borrow to pay for student's educational expenses If the student is a dependent undergraduate enrolled at least half time.
Credit History Acceptable credit required
Repayment Usually begins within 60 days after the loan is fully disbursed (typically the spring term).

Parent may request deferment of repayment while the student is enrolled at least half time. Interest accumulates and capitalizes while in deferment.

Getting a Parent PLUS Loan

You and your student must first complete the FAFSA.

A Parent PLUS Loan needs to be requested via It will no longer appear in your student's financial aid eligibility page. 


Make sure your student checks my.SDSU for important messages!

Get more info

For detailed information on Direct PLUS loans, visit the Direct Loan section of the Federal Student Aid website.

federal student aid: An Office of the US Department of Education