Parent Loans
Federal Direct PLUS Loans – parents may borrow for their student dependents (only for students who are considered dependent for Title IV financial aid purposes). The parent is responsible for the loan repayment. Parents who do not have an adverse credit history may borrow up to the total cost of the student's education, minus any other aid received by the student. Payments begin within 60 days of the award year's last PLUS disbursement, or parents may choose to defer payments on the Direct PLUS Loan until six months after the date the student ceases to be enrolled at least half-time; may pay accruing interest monthly or quarterly, or allow interest to be capitalized quarterly.
PLUS LOAN APPLICATIONS for 2012-13 will be available on May 15, 2012.
Apply for Parent PLUS loans online