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The PLUS Loan allows moms and dads of undergraduate students and eligible graduate pupils to borrow money to aid with education-related costs. The PLUS Loan just isn’t predicated on need, meaning it doesn’t be determined by household earnings or assets; but, this system calls for that you’ve got filed a FAFSA and also a whole financial aid application to be looked at with this loan. Interest levels, costs, as well as other PLUS loan info is available regarding the Federal Student help web site.
While graduate/professional pupils may borrow beneath the PLUS Loan Program, we suggest they maximize their federal Direct Loan eligibility prior to trying to make an application for a PLUS Loan. Many SCSU graduate students is almost certainly not qualified to borrow extra funds underneath the PLUS Loan Program because their eligibility that is total would been met under other education loan programs. Contact our office for a PLUS Loan that is graduate/professional application.
PLUS Application For The Loan Process (Undergraduate Students)
The moms and dad completes the next steps to use for A plus that is federal Loan.