Are there other funding options beyond the stafford loan?
– Parent Loan (PLUS) Students who need to borrow more have two options. 1) Dependent student parents can borrow under the Parent Loan for Undergraduate Student Program (PLUS). The application can be filed on line at www.hesc.com or by paper. Paper applications are available from the FLCC Financial Aid Office. PLUS Loans are available in amounts up to the cost of education minus any financial aid already being received by the student. If a parent is denied a PLUS loan, the student may apply for additional Stafford Loan funding. 2) Students may borrow Alternative Education Loans. These loans, unlike Stafford Loans, are not regulated by the federal government. They are commercial loan products, sponsored by lenders to pay college costs. Most major lenders have an alternative loan product and they are applied for directly with the lender. These loans are available in amounts up to the cost of education minus any financial aid already being received by the student.
