What is a Parent Loan for Undergraduate Students (PLUS)?

PLUS loans enable parents to borrow for each of their dependent children enrolled at least half-time in an accredited college or university. The parent can apply for a PLUS loan and receive a pre-approval decision by contacting one of the PLUS loan lenders listed. The parent needs to complete a PLUS Master Promissory Note (MPN) and mail it back to their lender if they are approved. The lender will notify our office of the pre-approval decision so that we can determine final eligibility.