Federal Parent Loans for Undergraduate Students (PLUS)
Parents can borrow funding for their dependent children. Loans are not based on income but parents must undergo a credit check to determine eligibility. The interest rate is variable, but not to exceed 9%. An Applications/Promissory Note is available directly from the lending institution. Please contact the financial office for lender information.
Parents may borrow up to the difference between school costs minus other aid.
Several options are available for repayment; contact your lender for information.