Indiana College Costs Estimator

PLUS Loan (Parent Loans for Undergraduate Students)

Loans available to parents who are credit-worthy. Student must be a dependent undergraduate student enrolled at least half-time for parent PLUS borrowing.  Loans dispersed on or after July 1, 2015 are currently fixed at a 6.84% interest rate. Also:  

  • The annual borrowing limit = student’s cost of attendance minus any other financial aid received.
  • Students whose parents cannot obtain a PLUS loan may be eligible to take out additional funds through the Direct Student Loan program. 


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