Federal Direct Parent PLUS Loan
A loan funded by the U.S. Department of Education and awarded by the UGA Office of Student Financial Aid (OSFA) which parents of dependent undergraduate students can use to help pay for their student’s education expenses.
Upon the borrowing parent’s request, the Department of Education will defer repayment of the loan principal while the student is enrolled at least half-time (6 hours), and for the first six months after the student graduates, leaves school, or enrolls in fewer than 6 hours.
The borrowing parent is responsible for paying the interest on the loan principal during all periods, including times of approved deferred principal payments; however, the parent can elect to capitalize the interest.
See Federal Direct Loan Interest Rates for PLUS Loan interest rate.
See Federal Direct Loan Origination Fees for the PLUS Loan fee.
- Student completes the Free Application for Federal Student Aid (FAFSA) process.
- Once the dependent student completes the FAFSA process, a Federal Direct Parent PLUS Loan is automatically included on the student's Award in Athena if he or she has remaining need after all other aid (including Subsidized and Unsubsidized Loans) for which the student qualifies has been awarded. The Parent PLUS Loan will initially appear on the student's Award in Athena in an estimated (ESTI) status.
- See the Parent PLUS Loan Application Steps section for additional items the borrowing parent must complete before the Parent PLUS Loan application can be processed.
- The maximum Parent PLUS Loan Award Year amount is equal to the student’s Cost of Attendance minus his or her Estimated Financial Assistance.
- The minimum loan amount is $100 per semester.
- Students meet all Basic Student Eligibility criteria, and
- Parent borrowers cannot have an adverse credit history, and
- Cannot be in default or owe an overpayment of a Federal Student Aid loan or grant.
- Must be enrolled at least half-time (6 hours) to be eligible for that semester’s Parent PLUS Loan disbursement.