Find out today how an education at TCTC will get you ready for an immediate career path.
With dozens of clubs and organizations here, we make it easy to get involved!
Find out today how an education at TCTC will get you ready for an immediate career path.
With dozens of clubs and organizations here, we make it easy to get involved!
Federal Direct Parent PLUS Loan
The Federal Direct Parent Loan for undergraduate students (PLUS) lets parents borrow money to pay for the educational expense of their dependent student. A parent PLUS loan is in the parent’s name and the parent’s responsibility to pay back. The interest on a PLUS loan begins accruing when the loan is disbursed. There is an origination fee on any PLUS loan of 4.228% (subject to change). The origination fee is deducted from each disbursement.
The origination fee and current interest rate are provided in a disclosure statement each borrower receives after the first loan disbursement.
To be eligible to borrow a PLUS loan the following MUST be meet:
To apply for a PLUS Loan the following steps must be completed:
What if the PLUS loan is Denied?