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.

2 Comments »

  1. […] from: 3 Parent Plus Loan Eligibility Requirements « Student Loan Info … By admin | category: parent plus loan | tags: are-some, are-three, are-two, childs, […]

  2. Donnavon Moser said,

    Is there any way to change my selected payment method? I recently completed the repayment paperwork selecting the Standard Repayment Plan, but with the economy I need to change to the this to this Extended Repayment Plan choosing to make the accruing interest payments.

    Thanks — Donnavon


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