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Federal
Parent Plus Loans
Federal PLUS loans are
for parent borrowers to assist the dependent student with educational
expenses. This loan is not based on financial need. The interest rate is a
variable rate that cannot exceed 9 percent. Repayment of principal and
interest begins within 60 days of disbursement. The annual loan limit is the
cost of education minus any other financial assistance the student is
receiving. To apply for a Parent
PLUS loan you must provide us with the following: o
Documentation of
pre-approval from your lender
o
A completed application
Federal Parent PLUS Loan
application (pdf)
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