Parents of dependent students may borrow a maximum of the cost of education minus other financial aid.
For the 2012-13 academic year, the interest rate will be a fixed rate of 7.9 percent. Interest accrues while the student is in school.* Standard repayment period is 10 years. A net 4.204 percent processing fee is deducted from the loan proceeds when the funds are disbursed. Repayment begins 60 days after the loan has fully disbursed.
*Parent PLUS loans are eligible for deferment. Find out more about Parent PLUS loan
Award is renewed only if all necessary forms are filed each year and students & parents continue to meet eligibility requirements.
The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.
FAFSA School Code: 003863
Questions or for more information, contact the Office of Student Financial Aid