Date: 7/25/2011 10:15 pm
A Direct Plus, also called a Parent Loan, must help parents pay their dependent children's education expenses. If the parent wants to apply, a Direct Plus application must be completed and the credit decision is based on a credit approval. Your parent may borrow up to the amount of your cost of attendance, minus any other financial aid that you receive. The federal government charges your parents interest (caped at 9%) from the date the first disbursement is made until the loan is paid in full.