Direct PLUS Loans help eligible parents of dependent undergraduate students pay education expenses. Beginning July 1, 2026, Parent PLUS borrowing is generally limited to $20,000 per academic year and $65,000 total per dependent student across all parent borrowers. The amount borrowed also cannot exceed the student’s cost of attendance minus other financial aid. Graduate and professional students may receive Grad PLUS Loans only if they qualify for the interim exception. Eligible exception borrowers may continue under the prior PLUS eligibility and loan limits for the lesser of three academic years or their remaining expected time to credential. The school determines exception eligibility based on the student’s enrollment and Direct Loan disbursement history for the applicable program.

Learn more about PLUS Loans.