Parents have two options for financing college costs.
2025–26 Academic Year
| Loan Type | Description | Interest Rate | Fees | Borrowing Limit | Repayment Period |
|---|---|---|---|---|---|
| Princeton Parent Loan | University parent loan | 6.71% fixed | None | Parent Contribution | Begins during enrollment – maximum 14-year repayment term |
| Direct PLUS Loan | Federal parent loan Apply Online | 8.94% fixed | 4.228% origination fee | Cost of Attendance minus Other Financial Assistance | 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. 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