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Federal Parent Loan 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. A parent or step-parent of a dependent child can apply for a PLUS loan online at studentaid.gov . If approved, the parent must also complete a Master Promissory Note (MPN) on the same website.

Annual Amount

If approved, a parent may borrow up to the difference between school costs minus other aid. If a parent is denied, the dependent student can then be eligible to receive additional unsubsidized loan through the FAFSA. The additional annual amount is $4000 ($2000 per semester) for freshmen/sophomores and $5000 ($2500 per semester) for juniors/seniors.


Several options are available for repayment; contact your lender for information.

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