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 8.94% for the 2025-2026 year starting July 1, 2025
- Interest rates for 2026-2027 are expected to be released early summer 2026
Borrowing Amount
- The annual loan limit is $20,000 per year per dependent student (new for parent borrowers starting 26-27 - See upcoming 2026-27 federal loan changes.)
- The aggregate loan limit is $65,000 per dependent student (new for parent borrowers starting 26-27 - See upcoming 2026-27 federal loan changes.)
- All federal loans have origination fees which are taken out of the loan when it disburses
Loan Proration
- Beginning with the 2026-2027 academic year, Federal Direct Loans are required to be prorated for students enrolled less than full-time. (See upcoming 2026-27 federal loan changes.)
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.