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Can each of two divorced parents take out a Federal PLUS Loan (one loan for mom and one loan for dad) for the same dependent student and for the same period of enrollment at the same school?

April 26, 2017Dad dependent divorced Federal loan mom Parents period Plus student

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Can each of two divorced parents take out a Federal PLUS Loan (one loan for mom and one loan for dad) for the same dependent student and for the same period of enrollment at the same school?

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A. Yes, as long as the sum of both Federal PLUS Loans certified on behalf of that student does not exceed the cost of attendance minus other financial assistance the student receives for the period of enrollment. Source: Integrated Common Manual subsection 5.1.