Direct PLUS Loans are federal loans available to graduate or professional students and parents of dependent undergraduate students. These loans help cover education costs that exceed other financial aid, such as grants and scholarships. To qualify for a Direct PLUS Loan, borrowers must pass a credit check and demonstrate financial need. The loan amount can cover tuition, room and board, and other school-related expenses. Repayment typically begins shortly after the loan is disbursed, but borrowers may defer payments while enrolled in school at least half-time.