Credit check required: Unlike some federal student loans, Parent PLUS loans require a credit check. Higher interest rates: Typically higher than regular Direct Subsidized/Unsubsidized student loans.

Parent PLUS loans have a fixed interest rate, and the borrower pays an origination fee for each loan. Parent PLUS loans are not subsidized, so interest begins to accrue on the outstanding loan ...

You’ll also need to complete credit counseling. Interest rates for parent PLUS loans are fixed and consistent for all borrowers in the same academic year. Like other student loans, the interest ...

Federal loans have fixed interest rates, which may be more attractive ... Unlike many private loans that have borrowing limits, Federal Parent PLUS Loans allow you to borrow as much as needed ...

Federal PLUS loans are currently funded through the Department of Education, providing funding to help pay for college or ...

For 2024-2025, the fixed interest rate is 8.08%. A Direct PLUS loan is a federal parent loan, available to those looking to bridge the gap if their child's financial aid won't cover the cost of ...

Parent PLUS loans provide a way to bridge the gap, but rising interest rates have made these loans a costly option. The rate for federal parent PLUS loans taken out between July 1, 2024 ...

NOTE: Parents who want to apply for the PLUS Loan for the 2025-2026 academic year must wait until after April 15, 2025 when the 2025-2026 PLUS Loan application is available. Repayment of principal and ...

Laurel Road’s interest rates are competitive compared to other ... removing their obligation for expensive parent PLUS loans. It also allows borrowers to refinance up to 100% of the existing ...

Plus, "because federal undergraduate loans don't require credit ... your chances of qualifying for a lower interest rate." Just keep in mind that "if a parent or partner co-signs your loan ...

The cost of attendance is determined by the school. Parent PLUS loans have fixed interest rates and a small origination fee. These loans are available for students pursuing graduate school ...