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EFFECTIVE JULY 1, 2026 NEW ANNUAL AND AGGREGATE LOAN LIMITS APPLY TO PARENT PLUS LOANS.
New maximum amounts:
- Annual limit is $20,000 per dependent
- Aggregate limit is $65,000 per dependent
Legacy Provision for parent PLUS borrowers to continue borrowing PLUS Loans under the previous loan limits, their student must have been enrolled at Grand View in the Spring 2026 semester and remain enrolled at Grand View in the Fall 2026 semester.
And
The parent borrower must have previously borrowed a parent PLUS Loan for their dependent student at Grand View University.
Or
The student must have borrowed a Direct Loan (subsidized or unsubsidized) at Grand View University.
If the above requirements are met, the new parent PLUS Loan limits do not apply while the student is completing their program, for up to the earlier of three academic years or the student’s time to credential, provided the student remains continuously enrolled.
This loan program allows parents of dependent undergraduate students to borrow up to the amount equal to the cost of attendance minus other financial aid received.
The Federal Direct Parent PLUS Loan is subject to a credit check. In the case of adverse credit, the borrower may apply with a credit worthy co-signer.
The interest rate for loans originated after July 1, 2026, is fixed at 9.07% and interest charges begin to accrue at disbursement.
Repayment begins within 60 days of disbursement, or the parent can defer repayment for up to six months after the student graduates or drops below half-time enrollment.
Parents can apply online with their FSA ID and password they used on their students FAFSA. Approved PLUS Loans will also require a completed Master Promissory Note.
A 4.228% origination fee will be deducted from the loan proceeds.
*Undergraduate dependent students whose parents are denied a Federal Direct Parent PLUS Loan can borrow additional Unsubsidized Direct Loans in the following amounts: First year $4,000; Sophomore $4,000; Junior $5,000; Senior $5,000.
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