Parent PLUS Loans

The Parent PLUS loan program is part of the Federal Direct Loan Program (FDLP) and allows you to borrow up to the difference between your child's educational costs and your child's financial aid award package.

Eligibility

To receive a Parent PLUS loan, the parent(s) and student must meet certain requirements.

Student Eligibility

To be eligible for a Parent PLUS loan, the undergraduate student must:

• Be a U.S. citizen or eligible non-citizen
• Be accepted for enrollment in a participating institution of higher learning; or, if enrolled, be making satisfactory progress
• Be classified as at least a half-time student and working toward a degree or certificate
• Not be in default on and education loan or owe any education grant refunds
• Be registered with Selective Service, if required

Parent Eligibility

To be eligible for a Parent PLUS loan, the parent(s) must:

• Be the student's natural parent, adoptive parent, or in some cases, stepparent
• Be a U.S. citizen or eligible non-citizen
• Not be in default on an education loan or owe any education grant refunds
• Be creditworthy