Eligibility for a PLUS Loan

PLUS Loans are available to parents of dependent, undergraduate students. An eligible parent borrower is a dependent student's natural or adoptive mother or father. The spouse of a parent who has remarried is an eligible borrower if his/her income and assets were taken into consideration when completing the Free Application Federal Student Aid (FAFSA).

You must be a U.S. Citizen, U.S. national or eligible non-citizen to qualify. Credit guidelines will apply in determining your eligibility. You are eligible for a PLUS Loan for each child who is enrolled at least half time in school and meets the school's standards for satisfactory academic progress. Eligibility for PLUS Loans is not based on need or income.