October 21, 2009

3 Parent Plus Loan Eligibility Requirements

Posted in Parent PLUS Loans tagged , , at 10:50 AM by dbonvie


For any parent wishing to take out a Parent Plus loan to help fund their childs education there are three qualifications that all MUST meet.

  1. You must be a U.S. citizen or eligible noncitizen
  2. You must not be in default on any federal student loan
  3. You must not owe a refund on a federal education grant

Assuming you are a U.S. citizen who is not in default with a federal student loan or owe a refund on a federal education grant you must then pass the credit check, though the standards of credit have dropped significantly over the past 18-months.