Direct PLUS loans are unsubsidized loans for the parents of dependent students who are enrolled at least half-time.  PLUS loans assist in paying for education expenses up to the cost of attendance minus all other financial assistance and resources. PLUS loans are the financial responsibility of the parents, not the students.  Parents are responsible for the interest during the life of the loan.

Parents can apply for a PLUS loan if:

            *They are a United States Citizen or eligible non-citizen

            *They are not in default on a federal student loan

            *They do not owe a refund on a federal education grant

ELIGIBILITY

Eligibility for a Direct PLUS loan is determined by a credit check.  Parents determined to have adverse credit will not be approved.  Parents who are denied a PLUS loan may apply with a qualified endorser.  An endorser is someone who agrees to repay the loan if you do not repay it.   Only one parent needs to apply for a PLUS loan.  If the parent is denied a PLUS loan, a student will be eligible for an increase in the Direct Unsubsidized Loan. 

A parent can apply for this loan through the Federal Direct Loan Program.