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San Diego State University

Financial Aid and Scholarships

Parent PLUS Loan

Parents:
The Federal Direct Parent PLUS Loan enables you to borrow money at a fixed interest rate and favorable repayment terms that will help your dependent, undergraduate student pay for his/her educational expenses.  Approved credit is required.

Learn more about the Parent PLUS Loan:

Photo: SDSU Student poses with parents
 Loan ComponentsParent PLUS Loan
Enrollment Requirement
 Student must enroll at least half time
Loan Fee

4.272% of the amount borrowed of a loan first disbursed on or after October 1, 2015

Interest Rate

Interest rates are subject to change every July 1

6.31% fixed rate on loans funded July 1, 2016 - June 30, 2017

7.00% fixed rate on loans funded July 1, 2017 - June 30, 2018 

Capitalized Interest
Interest is charged from the date the funds are disbursed and capitalizes if not paid.

Borrowing Limits
Parent can borrow up to the student's cost of attendance excluding other financial aid, resources and the student's annual subsidized and/or unsubsidized loan eligibility.

Borrowing Conditions
Parent can borrow to pay for student's educational expenses IF the student is a dependent undergraduate enrolled at least half time.
Credit History
Acceptable credit required
RepaymentUsually begins within 60 days after the loan is fully disbursed (typically the spring term).

Parent may request deferment of repayment while the student is enrolled at least half time. Interest accumulates and capitalizes while in deferment.

Getting a Parent PLUS Loan

You and your student must first complete the FAFSA.

A Parent PLUS Loan will be estimated as part of your dependent student's financial aid award.

AidLink is important!

Image: AidLinkHeads up: Make sure your student checks AidLink often for important messages!

Get more info

For detailed information on Direct PLUS loans, visit the Direct Loan section of the Federal Student Aid website.Federal Student Aid:  An office of the US Department of Education