Federal Direct Parent Loans (PLUS)

<strong>Federal Direct Parent Loans (PLUS)</strong>

  • PLUS loans are federal loans that moms and dads of reliant undergraduate pupils can make an application for.
  • PLUS loans aren’t granted according to student’s need that is financial.
  • PLUS loans are lent through the U.S. Department of Education.

Borrowing Limitations:

  • Moms and dads may borrow as much as the price of attendance minus just about any aid that is financial with regards to their reliant son or daughter.

Just how to make an application for a PLUS Loan:

  • Dependent pupils for the moms and dads borrowing the PLUS loan must finish the FAFSA.
  • Borrowers will have to finish the Parent PLUS application for the loan at studentloans.gov. Moms and dad will log in aided by the parent’s FAFSA password and username.
  • PLUS application for the loan answers are delivered to TTC for official official certification within 24-48 hours.
  • If authorized, a Direct must be signed by the parent borrower PLUS Loan Master Promissory Note (MPN).
  • Students is supposed to be notified of the honor through their my. Tridenttech.edu e-mail.

Federal PLUS Loan Eligibility:

  • Borrower should be the moms and dad (biological, adoptive or a step-parent if included in the FAFSA) of a reliant student that is undergraduate.
  • Borrower should never have a unfavorable credit score.
  • The student is enrolled as being a regular pupil in a Title IV-eligible system.
  • The pupil is signed up for at the least 6 credit hours. »
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