Parent Loans

Parents have two options for financing college costs.

2019–20 Academic Year

Loan Type	Description	Interest Rate	Fees	Borrowing Limit	Repayment Period
Princeton Parent Loan*	University parent loan Apply Online	4.99% fixed or 3.9% 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	4.248% origination fee	Cost of education minus student aid	Begins 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. Parent applicants may choose between a fixed or variable rate on the Princeton Parent Loan. Additional details may be found online here.

*The 2019-20 Princeton Parent Loan interest rates will be set after July 15, 2019.

Direct PLUS Loan for Parents

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.