Loan Details

Parents of Dependent Undergraduate Students may borrow up to the Cost of Attendance minus other aid, as determined by the school, through the Federal PLUS Loan Program. This is a credit-worthy loan with a fixed interest rate of 8.5%.

Approved applicants are not required to accept the loan; those who accept the loan are free to reduce the amount certified by the school.

Additional information available for the Texas A&M Parent PLUS Loan Process

Students of Parents with a Parent PLUS Loan Denial may be eligible for an Unsubsidized Stafford Loan, contact the Financial Aid Office with your denial information and to discuss your options.

Repayment

A Parent PLUS Loan enters repayments when the loan is fully disbursed; most often an Academic Year Loan will be split among multiple disbursements, usually half in the Fall and half in the Spring. The first payment is usually due 60 days after the loan is fully disbursed (within 60 days after the second disbursement) in the Spring.

The repayment periods are generally set at 10 years, yet depending on your needs, amounts borrowed, and ability to repay your repayment schedule may be extended up to 30 years.

MyEd student loans offers many resources to assist our borrowers with their individual repayment needs through our Deferment, Forbearance and Graduated Repayment Options and personalized counseling.

Contact MyEd student loans Customer Service

Monday - Thursday: 8:00 am – 7:00 pm CST
Friday: 8:00 am – 5:00 pm CST

1-877-MyEd-411
1-877-693-3411

customerservice@myedstudentloans.com