WHO IS IT FOR? |
For undergraduate students who have demonstrated financial need and are enrolled at least half-time. |
For undergraduate students enrolled at least half-time. There is no need to demonstrate financial need. |
For parents of dependent undergraduate students who are enrolled at least half-time. There is no need to demonstrate financial need. |
ANNUAL AWARD AMOUNT? |
Up to $ 5,500, depending on grade level and dependency status.
Loans will prorate for less than fulltime enrollment starting Fall 2026.
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Up to $ 7,500 for dependent students and $ 12,500 for independent students( less any subsidized amounts received for the same period), depending on grade level and dependency status. Loans will prorate for less than full-time enrollment starting Fall 2026. |
The maximum PLUS loan amount borrowed is the cost of attendance at the school your student will attend minus any other financial assistance your child receives. The cost of attendance is determined by the school. Loans will prorate for less than fulltime enrollment starting Fall 2026. |
INTEREST RATE? |
Rates can change every year and are fixed at 6.39 % for loans first disbursed on or after July 1, 2026, and before July 1, 2027. |
Rates can change every year and are fixed at 6.39 % for loans first disbursed on or after July 1, 2026, and before July 1, 2027. |
Rates can change every year and are fixed at 8.94 % for loans first disbursed on or after July 1, 2026, and before July 1, 2027. |