Federal Loan Programs Gettysburg PA
717-597-4777
Greencastle, PA
(215) 985-4400
Philadelphia, PA
(814) 459-2460
ERIE, PA
814-734-1147
Edinboro, PA
(814) 368-3880
Bradford,, PA
(215) 248-2767
Philadelphia, PA
717-477-1218
Shippensburg, PA
(814) 362-3503
Bradford,, PA
(215) 482-4817
Philadelphia, PA
(814) 368-5555
Bradford,, PA
Federal Loan Programs
An Overview of Parent PLUS Loans
The Parent PLUS loan program is a federal loan program thatallows your parents to borrow up to the cost of attendance(COA) for your college education. The Parent PLUS loan isonly available to parents with children pursuing
| Find Student Loans | |
| Loan Amount: | $ |
| Loan is for: Undergraduate Study Graduate Study | |
| Year in School: Freshman Sophomore Junior Senior | |
undergraduate studies. For graduate students, there arePLUS loans for graduate and professional students.FFELP vs. Direct
As with Stafford loans ,PLUS loans are administered through the FFELP and Direct Loans programs. Each college decides which programit wants to use for its students and their parents.Most colleges participate in one program or the other,but some actually participate in both.
Under the FFELP program, your parent will get theirPLUS loan from a lender (like Discover Financial Services,Sallie Mae, or CitiBank). In this situation, your parentneeds to make a decision about which lender is the bestoption. Colleges will often present you and your parentswith a Lender List containing information about the ParentPLUS loans offered by various lenders. Your parents havethe option of picking a lender off this Lender List orgoing with another lender that they may have uncoveredin their research.
PLUS Loan Limits
PLUS loan limits a...
Click here to read the rest of this article from College Toolkit