Parent PLUS Loans
Federal Parent PLUS Loan (for Parents of Dependent Undergraduate Students)
The Parent PLUS loan is a federal loan that allows a parent to borrow funds to help meet your educational expenses. Unlike the Stafford loan, eligibility for the Parent PLUS loan is based on the borrower’s credit worthiness. A parent with an adverse credit history may still borrow a PLUS Loan if the parent gets an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the Parent PLUS Loan if the parent does not repay the loan.