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Direct PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid. Am I eligible for a parent PLUS loan?Can a grandparent apply for a Parent PLUS loan?
Note: Grandparents (unless they have legally adopted the dependent student) and legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student. Federal Student Loans: Direct PLUS Loan Basics for Parents —Provides parents with information on Direct PLUS Loans for parents.Is the Parent PLUS loan included in my financial aid offer?
UMBC includes the Parent PLUS loan as part of eligible students’ initial financial aid offers. The amount indicated represents the maximum amount of Parent PLUS loan funding for which the student is eligible.How do I get a student loan for a parent?
The U.S. Department of Education makes Direct PLUS Loans to eligible parents through schools participating in the Direct Loan Program. (We also offer PLUS loans for graduate or professional students .) A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent borrower.