Parent Plus Loan

When grants, scholarships and Federal Stafford loans are not enough, the Parent Plus Loan may be another option.

First, it is important to understand the Parent Plus Loan.

The Parent Plus Loan vs a Home Equity Loan

The Parent Plus Loan vs Cashing Investments

The Parent Plus Loan vs using 401K Funds

If a Parent Plus loan is denied due to family credit, the dependent student becomes eligible for an additional $4000 of unsubsidized Stafford loans.  If this is the case, please notify our office.

To get an idea what your monthly payment might be for your Parent Plus loan, use this Repayment Calculator.
Calculate how much to request for your Parent Plus loan.  

Applying for the Parent Plus loan is a three step process:

1) Apply for the Parent Plus Loan at  www.studentloans.gov .  The Parent logs in using the Parent SSN and the PIN he/she used to sign the student's FAFSA.  Click on the link that says "Start PLUS Application Process".

2) Sign the Parent Plus Loan Master Promissory Note at www.studentloans.gov  .

3) Complete the NGCSU Parent Plus Application and return it to our office.  This form will tell us the term and the loan amount you are requesting.  If the loan application is denied due to family credit, there is a place on this form to indicate if the student is requesting additional unsubsidized loans. Both the parent and the student needs to sign the form.

2011-2012 NGCSU Parent Plus Application  (Fall 2011 through Summer 2012)

2012-2013 NGCSU Parent Plus Application   (Fall 2012 through Summer 2013)