How long do I have to repay a Parent PLUS Loan?
Repayment typically begins once the loan is fully disbursed. However, parents can request a deferment while the student is enrolled at least half-time and for six months after they graduate, leave school, or drop below half-time.
Repayment Options (10-25 years)
- Standard: Fixed payments over 10 years (default).
- Graduated: Payments start low, increase every 2 years, and are repaid in 10 years.
- Extended: Up to 25 years (must owe $30,000+ in Direct Loans).
- Income-Contingent (ICR): Available if the loan is consolidated.
You can switch plans anytime by contacting your loan servicer. Use the Loan Servicer Directory to locate your loan servicer.
For more information on repayment options, see Repaying Your Loans