/ What is a Parent PLUS Loan?

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Direct PLUS Loans are unsubsidized loans for the parents of dependent students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods. Applications for Parent PLUS Loans can be made on studentloans.gov

How to Apply for a Parent PLUS Loan

1)  Go to studentloans.gov enter parent’s ss# and parent’s FAFSA pin #

2) Click on Request a PLUS Loan

3) Choose Parent PLUS not Graduate PLUS

4) Fill out application and run the credit check at the end of the application (the credit check is part of the application process)

In about 30 seconds or less you will be notified of the results.  If you are awarded the loan, please have the parent sign the PLUS Master Promissory Note.  (MPN)

If you are declined the Parent PLUS based on credit, we will automatically increase the students unsubsidized loan by 4000.00 for the year.  The student will need to go into their VISION account and accept the full amount of unsubsidized loan if they want it.

Posted in: PLUS

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