Parent Loans for Undergraduate Students (PLUS)

PLUS loans are low-interest federally insured loans made to parents of undergraduate students to help pay a student's college expenses as part of the Federal Family Education Loan Program (FFELP). PLUS loans can be used to cover any educational expenses not covered by other forms of financial aid.

Eligibility

Parents do not have to demonstrate financial need to borrow PLUS loans.
Parent - You must be the natural or adoptive parent or legal guardian of a dependent student;
Citizenship - You must be a U.S. citizen or an eligible non-citizen;
Non-Default - You must not be in default of an educational loan or owe a refund on an educational grant;
Credit - You must not have an adverse credit history;
Law - You must meet all of the other Federal PLUS Loan program eligibility requirements prescribed by law at the time your loan application is processed.

Value

The maximum annual loan limit is the cost of attendance minus any other financial aid the student is qualified to receive. This amount is determined by the Financial Aid Office at the school the student will be attending.

See the current interest rates for PLUS Loans;
Repayment begins 60 days after the funds are disbursed, and the repayment term is up to 10 years.

Loan Disbursement

Once the loan is guaranteed, the proceeds from your PLUS Loan will be sent to the student's school. You must contact the Financial Aid Office to make arrangements to receive your loan proceeds. You will receive a Loan Guarantee and Disclosure Statement outlining the anticipated disbursement schedule, as determined by the student's school.

Application Procedure:

Once you decide which school you wish to attend and accept its offer of financial assistance, the school can certify you as eligible for a PLUS Loan. Most schools provide you with a list of lenders to consider. You may select one of these or another lender of your preference. Once you select a lender, follow the directions from your school to complete the loan process. Please note: some colleges participate only in the Federal Direct Loan Program. In these cases, there is often no choice of a lender. These colleges will indicate Direct Loan to you in their financial aid process.

If you want to learn more about what you should consider before selecting a lender, click here.

If you are ready to apply for a PLUS loan with the Georgia Student Finance Commission (GSFC) — good choice. Continue to PLUS Applications.

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Create an Account Log On My 411 Paying for College Repayment Guide Scholarships & Grants Savings Programs Tax Savings Loan Programs Stafford Loans GRADPLUS Loans Parent Loans for Undergraduate Students (PLUS) Choosing a PLUS Loan Lender Current Interest Rates for Stafford, GRADPLUS, and PLUS Loans GAcollege Alternative Loan Federal Consolidation Loans Federal Perkins Loan Service Cancelable Loans Tools & Calculators Publications & Forms Ask an Expert	En Español Parent Loans for Undergraduate Students (PLUS) PLUS loans are low-interest federally insured loans made to parents of undergraduate students to help pay a student's college expenses as part of the Federal Family Education Loan Program (FFELP). PLUS loans can be used to cover any educational expenses not covered by other forms of financial aid. Eligibility Parents do not have to demonstrate financial need to borrow PLUS loans. Parent - You must be the natural or adoptive parent or legal guardian of a dependent student; Citizenship - You must be a U.S. citizen or an eligible non-citizen; Non-Default - You must not be in default of an educational loan or owe a refund on an educational grant; Credit - You must not have an adverse credit history; Law - You must meet all of the other Federal PLUS Loan program eligibility requirements prescribed by law at the time your loan application is processed. Value The maximum annual loan limit is the cost of attendance minus any other financial aid the student is qualified to receive. This amount is determined by the Financial Aid Office at the school the student will be attending. See the current interest rates for PLUS Loans; Repayment begins 60 days after the funds are disbursed, and the repayment term is up to 10 years. Loan Disbursement Once the loan is guaranteed, the proceeds from your PLUS Loan will be sent to the student's school. You must contact the Financial Aid Office to make arrangements to receive your loan proceeds. You will receive a Loan Guarantee and Disclosure Statement outlining the anticipated disbursement schedule, as determined by the student's school. Application Procedure: Once you decide which school you wish to attend and accept its offer of financial assistance, the school can certify you as eligible for a PLUS Loan. Most schools provide you with a list of lenders to consider. You may select one of these or another lender of your preference. Once you select a lender, follow the directions from your school to complete the loan process. Please note: some colleges participate only in the Federal Direct Loan Program. In these cases, there is often no choice of a lender. These colleges will indicate Direct Loan to you in their financial aid process. If you want to learn more about what you should consider before selecting a lender, click here. If you are ready to apply for a PLUS loan with the Georgia Student Finance Commission (GSFC) — good choice. Continue to PLUS Applications. Related Links Choosing a PLUS Loan Lender
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Parent Loans for Undergraduate Students (PLUS)

Eligibility

Value

Loan Disbursement

Application Procedure:

Related Links