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.
- 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.
Learn more about Federal Loan Interest Rates.
- 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