Federal Parent PLUS Loan

This is a non-need based source of loan funds available to parents of dependent students who are enrolled for 6 or more credits per semester. In this program, the parent is the borrower, a credit check is performed on the applicant, and repayment of interest and principal must begin within 60 days of disbursement of the loan. Parents may borrow up to the student’s cost of attendance (COA) minus other financial aid.

Parent PLUS Loan Process

To apply for a Parent PLUS Loan, follow these steps:

• Visit the Federal PLUS Loan Program Web site.
• Complete Federal PLUS Loan Entrance Counseling .
• Sign the required Federal PLUS Loan Master Promissory Note.