The Federal Government provides a PLUS (Parent Loan for Undergraduate Students) loan that enables birth, adoptive, or step-parents with no adverse credit history to borrow money to pay for the education of dependent undergraduate students enrolled at a least half-time.
A credit check is required for a PLUS Credit Approval.
The PLUS Loan has a federal origination fee of 4% deducted proportionately from each loan disbursement.
Students who will be graduating at the end of fall term will have their
Federal Direct Stafford and Federal Direct PLUS loan amounts adjusted
based on enrollment during the fall term.
Current interest rates for PLUS loans