Parent PLUS Loan
SPECIAL NOTATION TO PARENTS:
THE ABILITY TO APPLY FOR A PLUS LOAN FOR THE 2013 FALL SEMESTER WILL NOT BE AVAILABLE UNTIL 7/1/2013 BECAUSE THE CREDIT REPORT IS ONLY VALID FOR NINETY DAYS. IF YOU WERE TO APPLY MORE THAN NINETY DAYS BEFORE THE START OF CLASSES, THE CREDIT REPORT WOULD BE INVALID AND ANOTHER WOULD BE REQUIRED.
The Financial Aid Office encourages parents to consider applying for the Federal Direct Parent PLUS Loan before seeking funding through a private loan.
Federal Parent Loan for Undergraduate Students (PLUS Loan) provides government-insured, long-term, low-interest loans for eligible parents of dependent, undergraduate students who do not qualify for other financial assistance. Parents may borrow up to the total cost of their dependent student's education minus any other aid for which the students are eligible.
PLUS loans are available to parents with good credit histories through the FFEL program.
Candidates: Parents of Dependent Undergraduate Students
Loan Maximum: The yearly limit on a PLUS Loan is equal to your cost of attendance minus any other financial aid you receive. If your cost of attendance is $6,000, for example, and you receive $4,000 in other financial aid, your parents can borrow up to $2,000.
Required Forms:
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