The PLUS loan is
taken out by a parent for their son or daughter to help pay for their education
over an extended period of time. The interest rate on this loan is fixed at 8.5
percent. You must reapply for the PLUS Loan every year. There are no annual
borrowing limit set by the federal government, but cannot exceed the cost of
attendance minus financial aid. More
information is available here
To find out your maximum eligibility for the PLUS Loan or ask any
other questions, please contact:
