The interest rate for Direct Parent PLUS Loans is a fixed rate, depending on the year the loan was originated. The Bipartisan Student Loan Certainty Act of 2013 ties federal student loan interest rates to financial markets. Under this act, interest rates will be determined each June for new loans being made for the upcoming award year, which runs from July 1 to the following June 30.
Each Parent PLUS Loan will have a fixed interest rate for the life of the loan. You can view the interest rates on the
Federal Student Aid site.
The U.S. Department of Education charges a loan fee on the Parent PLUS Loan. You can view loan rates and fees on the
Federal Student Aid site.
