# Parent Loans

**Source**: https://finaid.princeton.edu/financing-options/parent-loans
**Parent**: https://finaid.princeton.edu/how-aid-works/family-contribution

Parents have two options for financing college costs.

## 2025–26 Academic Year

| Loan Type | Description | Interest Rate | Fees | Borrowing Limit | Repayment Period |
| --- | --- | --- | --- | --- | --- |
| **Princeton Parent Loan** | University parent loan  [Apply Online](https://finance.princeton.edu/special-information/student-financials/loan-options/princeton-parent-loan-program) | 6.71% fixed | None | Parent Contribution | Begins during enrollment – maximum 14-year repayment term |
| **Direct PLUS Loan** | Federal parent loan [Apply Online](https://studentaid.gov/plus-app/parent/landing) | *8.94%* fixed | *4.228%* origination fee | Cost of Attendance minus Other Financial Assistance | Begins during enrollment – maximum 10-year repayment term |

### Princeton Parent Loan Program (PPL)

This University program offers parents who qualify the opportunity to borrow their share of Princeton's costs. A review of creditworthiness is required, and both aid and non-aid families may apply. Additional details may be found online on the [Princeton Parent Loan website](https://finance.princeton.edu/special-information/student-financials/loan-options/princeton-parent-loan-program).

#### **2025–26 Deadline to confirm and process Princeton Parent Loan eligibility:**

- Fall deadline (for fall-only loans): 12/19/2025
- Spring deadline (for spring-only and full-year loans): 05/14/2026

### Direct PLUS Loan for Parents

The Direct Parent Loan for Undergraduate Students (PLUS) is another option for both aid and non-aid families to finance the parental share of Princeton's costs. The PLUS loan is credit-based. Additional details may be found online at [studentaid.gov/plus-app/](https://studentaid.gov/plus-app/).

#### **2025–26 Deadline to confirm and process federal loan eligibility:**

- Fall deadline (for fall-only loans): 12/19/2025
- Spring deadline (for spring-only and full-year loans): 05/14/2026