November 16, 2009

Can A Stepparent Take Out A Parent Plus Loan?

Posted in Parent PLUS Loans tagged , at 9:50 AM by dbonvie


Yes, a stepparent can take out a Parent Plus loan for an undergraduate student. Stepparents are eligible as long as their information was included on the Free Application for Federal Student Aid (FAFSA).

For FAFSA purposes a parent is considered one of the following:

  • A step-parent (after marriage)
  • If parents are divorced or separated, the parent is considered to be the one which the student lived with more in the past 12 months.
  • If the student did not live with either parent in a divorced/separated situation, the parent is the one who contributed more financial assistance in the past 12 months.
  • If the student did not receive appreciably more support from one parent or another, the parent is the one who claims the student as a dependent on the IRStax return.

Note: A foster parent, legal guardian, grandparent or other relative is not treated as a parent for purposes of filing a FAFSA unless that person has legally adopted the applicant. An adoptive parent is treated in the same manner as a biological parent on the FAFSA.

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