Federal Direct PLUS Loan General Information

Many families find the Parent Loan for Undergraduate Students (PLUS) an attractive alternative to using lifetime savings and investments for educational expenses.


The PLUS annual limits are the difference between the student’s cost of attendance and all other aid awarded to the student.


The PLUS loan is not awarded automatically; parents must first apply and qualify for the PLUS loan. To qualify for a PLUS loan, parents must have a satisfactory credit history.


If the parent is denied a PLUS Loan, the student may be eligible for additional Federal Direct Loan (Unsubsidized). In order to apply for the PLUS loan the parent that would like to apply must have a Federal PIN


For more information here is a downloadable brochure further explaining the PLUS Loan.



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