Parents have two options for financing college costs.

2025–26 Academic Year

Loan TypeDescriptionInterest RateFeesBorrowing LimitRepayment Period
Princeton Parent Loan

University parent loan

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6.71% fixedNoneParent ContributionBegins during enrollment – maximum 14-year repayment term
Direct PLUS LoanFederal parent loan
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8.94% fixed4.228%  origination feeCost of Attendance minus Other Financial AssistanceBegins during enrollment – maximum 10-year repayment term

Princeton Parent Loan Program (PPL)

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. Additional details may be found online on the Princeton Parent Loan website.

2025–26 Deadline to confirm and process Princeton Parent Loan eligibility:

  •  Fall deadline (for fall-only loans): 12/19/2025 

  • Spring deadline (for spring-only and full-year loans): 05/14/2026 

Direct PLUS Loan for Parents

The Direct Parent Loan for Undergraduate Students (PLUS) 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 studentaid.gov/plus-app/.

2025–26 Deadline to confirm and process federal loan eligibility:

  •  Fall deadline (for fall-only loans): 12/19/2025 

  • Spring deadline (for spring-only and full-year loans): 05/14/2026