Steps to applying for a Parent Loan for Undergraduate Students (PLUS)
A Parent Loan for Undergraduate Students (PLUS) is a federal direct loan for which parents can apply. This is only available for dependent students. For more information about Parent PLUS loans, go to studentaid.gov/understand-aid/types/loans/plus/parent.
Loans will be disbursed in multiple payments for each semester, after the student is actively attending at least six credit hours. The anticipated dates for Financial Aid disbursements can be found by visiting the Financial Aid Dates & Deadlines page and selecting the link for the correct semester.
If you (the parent) choose to have the excess funds disbursed to you, a paper check will be mailed to you. If you choose to have excess funds disbursed to the student, the loan funds will be disbursed through the preference set up with BankMobile in the same way as the regular financial aid disbursement.
Information on current interest rates and loan fees is available on the Federal Student Aid website.
Key Words: Parent Plus Loan, PLUS, parent, direct loan, loan
Article ID: 337
Created On: Mon, Oct 14, 2013 at 2:36 PM
Last Updated On: Mon, Sep 26, 2022 at 2:29 PM
Online URL: https://info.abtech.edu/article.php?id=337