Parents have two options for financing college costs.
2024–25 Academic Year
| Loan Type | Description | Interest Rate | Fees | Borrowing Limit | Repayment Period |
|---|---|---|---|---|---|
| Princeton Parent Loan | University parent loan | 6.81% fixed | None | Parent Contribution | Begins during enrollment – maximum 14-year repayment term |
| Direct PLUS Loan | Federal parent loan Apply Online | 9.08% fixed | 4.228% 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. Additional details may be found online on the Princeton Parent Loan website.
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/.