Financial Aid

Loans—Federal Parents Loans for Undergraduate Students (PLUS)

This is a loan from a bank, co-signed by the Federal government. It's available to parents of dependent undergraduates who are enrolled at least half-time and making satisfactory academic progress. The maximum that parents can borrow is equal to the cost of education minus other financial aid awarded. There is no income test for this loan, but parents cannot have a history of adverse credit. A variable rate of interest, capped at 9 percent per year, is charged on the loan.

For additional information, contact any of the lenders recommended on our main LOAN page.