For: parents of dependent students
PLUS loans, which are unsubsidized, help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.
Applicants may borrow up to the student's cost of attendance minus other financial aid awarded. Borrowers must submit an application, and a credit check will be performed on the borrower to establish credit worthiness. Loan funds are sent to the school and applied directly to the student's account.
Parent borrowers begin repayment within 60 days after the loan is fully disbursed. Deferment options are available. Inactive awards (no application submitted) will be removed from the financial aid award after 60 days.
Parents can find out more information about PLUS loans at studentaid.gov or our PLUS Loan FAQ page. To complete a PLUS Loan Application, visit the Resource Center.
Do you have more questions about borrowing loans as a parent? Review FAQs here.