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Federal Direct Loan Programs for Parents

Parent Direct PLUS Loan

Note: In order to be considered for a Parent Direct PLUS Loan, your parent must apply online.

Eligibility Requirements

  • U.S. citizen or permanent resident
  • Be the parent of a dependent undergraduate student
  • Satisfactory credit history (credit criteria are determined by the Department of Education)

Annual Loan Limits

Cost of attendance minus other financial aid you are receiving.

Note: The total annual amount limit may not exceed Drexel's cost of attendance less other financial assistance you receive.

Interest Rate

Learn more about Federal Loan Interest Rates.

Fees

  • Origination Fee – Most federal student loans have fees that are a percentage of the loan amount. View more information about origination fees.

Source - U.S. Department of Education