The Federal Direct PLUS Loan is a federal student loan program designed to help parents of dependent undergraduate students and graduate or professional students cover educational expenses. This loan allows borrowers to access funds to pay for tuition, room and board, and other related costs, up to the full cost of attendance minus any other financial aid received. To qualify for a PLUS loan, applicants must pass a credit check, but there is no minimum credit score requirement. Repayment typically begins immediately after the loan is disbursed, although parents can request a deferment while their child is in school.