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Federal
Parent Loan for Undergraduate Students (PLUS)
Plus Loans
This
federal loan is for parents of dependent undergraduate
students and is not based on financial need. This loan can
help you (the parent) meet the costs of a college education.
The decision to approve or deny the loan is based on the
results of a credit check that is conducted by the lender
(the U.S. Dept. of Ed.).
Who Is Eligible?
Parents,
adoptive parents, and stepparents of dependent undergraduate
students attending college at least half time are eligible
for PLUS loans. Borrowers must be U.S. citizens or eligible
residents. Loan approval is subject to credit criteria
established by the U.S. Department of Education.
Borrowing Limits
Parent's
may borrow up to the total annual cost of education,
including educational fees, books, living and travel
expenses, less any financial aid for which the student is
eligible. The Student Financial Aid Office will determine
your amount of loan eligibility.
Application Process
Complete
and submit the
Federal PLUS Loan Application to the
Financial Aid office.
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