Federal PLUS Loans as of July 1, 2022
This is a competitive interest rate loan that provides additional funds to help parents pay for the educational expenses of a dependent student. The interest rate for this non-need-based loan is market driven with a cap of 7.54%. Repayment begins approximately 60 days after the first disbursement of the loan. This loan is subject to the policies of the individual lender. In most cases, the maximum loan amount is based on the student’s estimated cost of attendance minus any estimated financial assistance the student has been or will be awarded during the academic year.