Rates and Fees

The interest rate for Federal Direct Parent PLUS loans first disbursed on or after July 1, 2021, and before July 1, 2022, is 6.28%. The origination fee for loans disbursed on or after October 1, 2020, and before October 1, 2022, is 4.228%.

Interest begins to accrue on the date of the loan disbursement and continues to accrue during in-school, grace, and deferment periods. Interest accrued during in-school, grace, and deferment periods may be paid or capitalized. You are not required to make payments until after the completion of in-school and grace periods.

Origination fees are deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You're responsible for repaying the entire amount you borrowed and not just the amount you received.