What is a Parent (PLUS) Loan and how do my parents begin the process of getting the loan?
Parents of dependent students may choose to borrow under the federal Parent Plus program on behalf of their student. A Federal Parent PLUS loan is a low interest unsubsidized federal loan that allows a parent of a dependent student to assist in paying for their student’s college education. The parent(s) repay the loan, NOT the student. The PLUS loan limit is the annual cost of attendance minus other financial assistance. Click here to view lenders and apply for a Parent PLUS loan.
Parents of dependent students may choose to borrow under the federal Parent PLUS program on behalf of their student. The parent(s) repay the loan, not the student. Repayment begins thirty to sixty days after the loan is fully disbursed. The PLUS loan limit is the annual cost of education (the “budget”) minus other financial assistance. The FAFSA is not required (but is still recommended to determine student aid eligibility). To begin the processing of a PLUS loan, the parent should download the appropriate form from our PLUS web page.
Parents of dependent students may choose to borrow under the federal Parent Plus program on behalf of their student. A Federal Parent PLUS loan is a low interest unsubsidized federal loan that allows a parent of a dependent student to assist in paying for their student’s college education. The parent(s) repay the loan, NOT the student. The PLUS loan limit is the annual cost of attendance minus other financial assistance. Click here to apply for a Parent PLUS loan.
