The yearly limit on a Parent PLUS Loan is the difference between your cost of attendance and all aid you have received for the aid year.
For example, if you have a COA of $25,000 and you were awarded financial aid of $15,000, your parent could apply for a $10,000 Parent PLUS Loan. However, your parent may choose to accept an amount lower than the maximum. The amount your parent accepts should reflect the amount they wish to borrow for the academic year for fall and spring semesters.
For more information, please visit the
ASU Federal Parent Loan website.
Need additional help? Access 24/7 live chat, create a case from
My ASU Service Center or call 855-278-5080.
