What is a Parent PLUS loan?

Parent PLUS loans are loans that are applied for by the parent(s) of the student.  Parents of a dependent undergraduate student may apply for a Federal Direct PLUS loan to help meet the student's cost of attendance not covered by other financial aid. Interest rates and repayment provisions on PLUS loans are generally more favorable than other alternative loans available for educational expenses. FAFSA is required, and parents must submit a PLUS loan request form to the Office of Student Financial Aid for certification of the student's cost of attendance as well as other anticipated financial aid.

 

 

Category: 
Loans