This program is available to parents of undergraduate students and to graduate students, who need funding beyond the Perkins and Direct Loans. Applicants must be credit-worthy to qualify for this program. A PLUS borrower may receive a PLUS Loan up to the total Estimated Cost of Attendance (COA) less financial aid resources received by the student.
Because the funding for Federal Direct PLUS Loans comes straight from the U.S. Department of Education, students and parents do not have to find a lender to borrow through this program.
