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 9.07% for the 2026-2027 year starting July 1, 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.