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.
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.
Click here 
for a list of Georgia colleges and universities participating in our online PLUS Loan application process FASTPLUS™.
- If your school is included in this list, you can click here to begin the online application process .
- If your school is listed and you prefer the paper application, you can download it now by clicking here
.
- If your school is not listed, please check the financial aid website at your school for further information. You can find the contact information for your college in the Explore Schools section.
Repaying Your Loan
Download loan repayment forms.