Student Financial Aid Federal School Code: 003425

Parent PLUS Loans

Parents of dependent undergraduate students can apply for assistance through the Federal Direct PLUS Loan program. Through this program, parents can borrow up to the annual cost of attendance minus any other financial aid that the student receives for the year. Students must be enrolled at least half-time and maintain satisfactory academic progress in order to be eligible. Eligibility for a PLUS loan is based on a parent's creditworthiness and not on financial need. Repayment of PLUS loans begin 60 days following the final disbursement of the loan each year.  Parent borrowers may defer repayment while the student is enrolled at least half-time, and for an additional 6 months beyond the student's graduation or when the student drops below half-time enrollment. Deferment periods must be corrected by contacting your Direct Loan servicer.

In order for funds to be available for payment purposes, applications should be submitted by:

  • June 15 for the fall semester
  • Nov. 1 for the spring semester
  • March 1 for summer sessions

How to Apply for a PLUS Loan

  1. Submit the Free Application For Federal Student Aid (FAFSA).
  2. Complete the Federal Parent PLUS Loan application for the appropriate academic year on
  3. Complete a PLUS Loan Master Promissory Note for parents at

Loan Type Borrower Interest Rate* Origination Fee* Grace Period Deferment Repayment
Parent PLUS Parent of a dependent undergraduate 6.41% Fixed

4.204% (if first disbursed between July 1, 2013 and November 30, 2013)


4.288% (if first disbursed between December 1, 2013 and June 30, 2014)

There is no grace period for PLUS loans. You may receive a deferment if the dependent student is enrolled at least half-time in a degree-seeking program of study. Repayment begins 60 days after you have received the last installment for the loan period.

*for loans disbursed from July 1, 2013 - June 30, 2014

Loan Amount

You may borrow up to the cost of attendance minus any other financial aid that the student is receiving for each academic year. 

Eligibility Requirements

  • The student must be enrolled at least half-time (six hours or more)
  • The student must maintain satisfactory academic progress as defined by the Clemson University Satisfactory Academic Progress Policy.
  • The student and borrower must not have defaulted on or owe a refund to any previous student aid program.
  • The student and borrower must be U.S. citizens, U.S. nationals or permanent residents.
  • The borrower must be a parent of a dependent undergraduate student.