PLUS loans (parents borrowing to pay for their dependent child’s education expenses) do not have a pre-established maximum amount. However, at no time will the PLUS loan exceed the student’s cost of attendance less any financial aid received. PLUS loans are credit based. AC requires the student to have a completed FAFSA on file, and the parent to complete the pre-approval process prior to processing a PLUS loan.
Parents may complete the PLUS process with the Department of Education at www.studentloans.gov....Read more:Student PLUS Loans
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