Fund Your Schooling With PLUS Loans

The U.S. Department of Education runs another loan program designed for parents of university students to financially assist their children. The PLUS loan (parental loan for Undergraduate Students) program is also intended for independent graduate or professional students. Beginning in July of 2010 all PLUS loan funding comes from the U.S. Federal Government under the Direct Loan program. Prior to this date funding was under the Federal Family Education Loan (FFEL) program and came from private lenders. 

What Is a PLUS Loan?

The Parents of undergraduate students (and graduate or professional students) can receive up to the total cost of their education minus any other financial aid (grants or scholarships) that they benefit from. The PLUS loan