The PLUS Loan (formerly called the “Parent PLUS Loan”) is for credit-worthy parents of dependent students. It is the parent′s responsibility to repay the loan. Parents can borrow up to the cost of the education, minus any financial aid the student is eligible to receive. A PLUS Loan is a loan made to the parents and does require a credit check.
If you’re looking to apply for a Stafford or PLUS loan, please contact the Department of Education at 800.433.3243 or visit their Student Aid on the Web information center. You may want to contact your school Financial Aid Office for additional guidance.