Following University guidelines, the Office of Undergraduate Financial Aid and Student Employment is working to implement remote operation procedures. The office is currently unavailable for phone calls, but inquiries may be directed to faoffice@princeton.edu.
For questions about COVID-19-specific procedures, including move out and billing, please review the University's earlier communications to students and to parents.
Parents have two options for financing college costs.
|
Loan Type |
Description |
Interest Rate |
Fees |
Borrowing Limit |
Repayment Period |
|---|---|---|---|---|---|
|
Princeton Parent Loan |
University parent loan Apply Online |
4.99% fixed or 3.6% variable |
None |
Cost of education minus student aid |
Begins during enrollment – maximum 14-year repayment term |
|
Direct PLUS Loan |
Federal parent loan Apply Online |
7.08% fixed | 4.236% origination fee | Cost of education minus student aid |
Begins during enrollment – maximum 10-year repayment term |
This University program offers parents who qualify the opportunity to borrow their share of Princeton's costs. A review of creditworthiness is required, and both aid and non-aid families may apply. Parent applicants may choose between a fixed or variable rate on the Princeton Parent Loan. Additional details may be found online here.
The Direct PLUS program is another option for both aid and non-aid families to finance the parental share of Princeton's costs. The PLUS loan is credit-based. Additional details may be found online at www.studentloans.gov.