How to Apply
- Complete an application and basic credit check at studentaid.gov
- Complete a Master Promissory Note on studentaid.gov
- S&T determines how much student aid you are eligible to receive
Eligibility
- Available to parents of undergraduate and graduate students
- Must pass a basic credit check
- Your child must be enrolled at least half-time at S&T
- There is no requirement to demonstrate financial need
Interest Rates
- Fixed 9.08% for the 2024-2025 year starting July 1, 2024
Borrowing Amount
- Cost of education (determined by S&T) minus other financial assistance
- All federal loans have origination fees which are taken out of the loan when it disburses
Loan Repayment
- If you do not request a deferment, you will be expected to begin making payments after the loan is fully disbursed (paid out).
For more information on Parent Plus Loans, please visit Federal Student Aid.