Federal PLUS Loans


As a student entering college, it is very unlikely that you have a few spare checks lying around that you can cash and magically use to pay for college. Most college-aged students, ranging from late teens through mid-twenties, have no line of credit and cannot receive much money in loans if they need to do so in order to attend college. Therefore, a loan like the federal PLUS loan through the federal government and U.S. Department of Education makes it easy for you, as a potential college student, to use your parents' line of credit in order to gain financing options for your higher education.

How Your Parents Can Help You Apply

If your parents have good credit and you obtain them a copy of the Direct PLUS loan application, you are well on your way to cracking the college books and arriving on campus in the fall. Keep in mind that in order to receive a federal PLUS loan, you must be a dependent potential undergraduate at any college or university in the U.S. You also must be planning on attending college for at least half-time during the upcoming semester. If these all apply to you, obtain a Direct PLUS loan application and promissory note, fill them out with signatures completed, and hand them in to the financial aid office at your college or university.

Fill Out A FAFSA Form First!

Have you tried filling out your FAFSA form yet? If not, you may already be entitled to financial aid and/or loans and scholarships that could benefit you! While it is not required for you to fill out the FAFSA form to receive a federal PLUS loan, be aware that you could receive thousands of dollars without even having to use your parents' credit in the first place. Still, if you are not eligible for any other scholarships, the federal PLUS loan will enable you to receive financing for any portion of your college or university bill not covered by other financial aid (i.e. If college costs you $5000 a year and you already receive $4000 in financial aid, a PLUS loan will lend you the other $1000). Federal PLUS loans can help put you through college, even if you do not have a solid line of credit yet.

This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about how to get Federal Plus Loans at www.NextStudent.com .

My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.

More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More College/
University Information:

Related Articles

Online Education and Digital Divide
Digital Education is really coming along thanks to the US Military and their expenditures in the IT Framework to make training available. The IT companies doing this training are in fact able to pass on this technology to the private sector immediately and it is helping us with the digital divide.
Scholarships not Working for You Neither, Huh?
We're going to college, and we need cash. We have tuition and food, housing, books.
Consolidate Student Loans and Shop Online
If you run a home business, you know that budgets can be pretty tight. Saving money wherever possible can be the difference between the business that succeeds and the one that fails.
Acing the SAT Exam
Don't cheat. This goes without saying for 999 out of 1000 students (hopefully even more!) but cheating is not the way to score high on the SAT exam.
College Is Way More Than Higher Education
The first day of college begins with hopes and dreams of a new future. You walk around the college, drinking in the newness of a world unknown, where the buildings will become a second home to you as you release yourself into a variety of lectures.
Principalship: Leading Change in Schools
The L.E.
Internship Opportunities at Levine Communications
ENTERTAINMENT & PUBLIC RELATIONS INTERNSHIPS AVAILABLE NOW! "As we celebrate our twentieth (20th) anniversary as one of Hollywood's most prominent entertainment PR firms, I'm convinced that our intern program continues to be one of the most dynamic in the entire entertainment industry. Since 1983, over 2,200 interns have passed through our doors.
Medical Assistant - Medical Assistant Distance Education
Considerations in Distance Education for the Medical Assistant InstructorMedical Assistant distance education is emerging to meet the demands of a new generation of students in the twenty first century. St.
Choose the Delivery Mode for your e-Learning Course
There are so many ways to deliver instruction online that the topic warrants its own lesson. In fact, deciding how you are going to deliver a course is critical to the way that you design and develop the course! Your first decision is whether or not you will deliver the course "live" or in a synchronous mode.
Online Nursing Degree For Busy Nurses
Many who work in the healthcare or nursing industry know without question that free time (time within which to relax and call your own) is at a premium. In this regard, they work in extremely demanding jobs: both in terms of the jobs they do and the hours on the job they spend.
Why Pursue Your Degree Online?
Distance education has been around longer than people may realise. A system which teaches students without requiring that they actually be present, distance learning was pioneered in 1946, by the University of South Africa, which continues to offer distance education courses today.
What Are Online Masters Degrees?
Online masters degrees are higher education college degrees that are earned over the Internet. In order to apply, individuals must first have a bachelor's degree in the same field of study as the masters degree they wish to obtain.
Parents: Take the SAT Challenge!
I keep a box of tissues on the table where I tutor because, as an SAT tutor and college application consultant, I listen to high school juniors and seniors who are so overwhelmed by college pressure that they begin to cry. Not just girls.
Why are Some Online Degree Colleges Better than Others?
Any student who is on the lookout for online degree colleges would probably have been swamped with the many options marketed to them over the internet. Therefore, it is not a wonder that many students feel confused on the right college selection as they may not know the way to nail down the advantages that certain colleges have over others.
Education - Let The Learning Begin!
You've probably heard it since you were little, 'get a good education and you'll go far in life.' Maybe you used to wonder how truthful your relatives were when they said those words to you.
Break it up, Break it Down: Paragraphing Strategies for College Essays
Some of us fill a page with a wall of words, with no paragraph indentations, no transitions, and no clearly defined topic sentences. Some of us have the appropriate indentations, but within each paragraph our sentences are out of order.
Student Loans - Ensuring a Brighter Future Ahead
Higher education in the university gives students a chance to open up. They have a completely new world to deal with.
7 Tips To Avoid the College Low Expectations Game
Many public universities play the "Low Expectation Game" (see article "College 'Low Expectations Game' Cost Students, Parents & Taxpayers Thousands of Dollars"). As a student or a parent, you can avoid this game using the following tips:Tip #1 - Register for 15 hours.
Online Paralegal Degree Preparing You For Employment
In an era when professional opportunities are diminishing, one area where opportunities are certainly expanding is in the field of paralegal work. Consequently, as the practice of law expands, and the need for professional paralegals grows, many argue that there has never been a better time to enter the field of paralegal work.
College Entertainment for Less
Most of these activities are free or very cheap:* Campus music or dance recitals* College theater productions* Guest speakers* Poetry readings* Museum tours* Sports-either participate or go route for your school* Film and video showings* Art openings* Clubs on campusIf you are looking to stray away from campus here are some off campus fun frugal ideas:* Go watch a local band, they usually play at bars but the cover is usually $5-$10 to sit and enjoy and be in a sociable setting* Go to the movies, catch the matinee film during the day when prices are less expensive* Explore natural parks or recreation facilities where you can work out or simply enjoy the surrounding* If you have a pool in your apartment complex or have friends that do, gather round and soak up the rays and have some fun.* If you are in cold climates, go sledding in the wintertime, it's an activity that you're never too old for.