Student PLUS Loans

PLUS Loans are loans taken out by your parents to pay for your college education. Your parents can only receive PLUS Loans if you are a dependent undergraduate and enrolled at least half-time. PLUS Loans use the same funding as the loans mentioned earlier, meaning that your parents must choose between Direct Loan funding or FFEL funding. Your parents have to also pass a credit check to get a PLUS loan. PLUS Loans have also recently been added for graduate and professional degree students. Despite their name, these loans use your credit score instead of your parents' to determine whether or ... Read More »