Texas A&M University-Kingsville

Federal Direct Parent Loan for Undergraduate Students (PLUS)

The Federal Direct Parent Loan (PLUS) is available to the parents of dependent, undergraduate students. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). An origination fee of 2.5% (initially 4.0% less a 1.5% up front rebate) is charged upon disbursement. All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. Completion of the Free Application for Federal Student Aid (FAFSA) is not required, but it is recommended


  • The student must be attending at least half-time (6 hours). 
  • The parent must have a good credit history. 
  • The student must be meeting Satisfactory Academic Progress.

Interest Rate

Direct PLUS loans have a fixed interest rate of 7.90%.


  • May be deferred until the student falls below half-time enrollment or graduates.
  • Standard repayment term is up to 10 years.

PLUS loans are the financial responsibility of the parents, not the student. If the student agrees to make payments on the PLUS loan but fails to make the payments on time, the parent(s) will be held responsible.

For more information, please contact the Office of Student Financial Aid: financial.aid@tamuk.edu

This page was last updated on: July 22, 2011