Student Loans
Parent Loans For Undergraduate Students (PLUS)
- For parents of dependent, undergraduate students
- Not based on financial need
- Financial aid office must certify loan and amount borrowed
- Borrower (Parent) is responsible for interest that begins to accrue upon disbursement
- Repayment begins within sixty days after full disbursement
- No grace period
- Current interest rate is 8.5%.
- Annual borrowing limit is equal to cost of attendance minus any other financial aid received
- A credit check is required. If the PLUS loan is denied the student may be eligible for additional unsubsidized loan money.
All loans subject to approval, including credit approval.
