An eligible parent qualifies for Federal PLUS Loans (the parent loan for undergraduate students) while their dependent son or daughter attends school. To apply for a PLUS Loan, one of your parents must complete the application and pass a credit check.
The parent borrower may apply online (see the loan application link here). We also suggest that your parent apply for this loan after you receive your student financial plan. That way, you will know the recommended amount you should borrow. The maximum amount that a parent may borrow is the cost of your education minus any aid that you are receiving.
Your parent will need to complete the borrower section of the form, and you will complete the student section. If you apply online, you will need to print out, sign and mail a promissory note. Both the parent borrower and you, the student, will need to sign and return the promissory note. If you do not have a printer, the lender will mail you the promissory note.