About Federal Direct Parent PLUS Loan
If you have a dependent in college, you may be eligible for college loans through the Federal Direct Parent PLUS Program (PLUS). Before you apply for PLUS, examine your child’s eligibility for grants, work-study programs or loans with competitive interest rates.
You don’t have to demonstrate financial need to take out a PLUS loan, but a credit check is required. If you are denied a PLUS loan due to poor credit, the student may be eligible for additional Unsubsidized Federal Direct Loan funds. If a PLUS loan is denied, contact the college’s financial aid office and ask about additional unsubsidized funds for the student.