How do I apply for a PLUS loan?

To apply for a PLUS loan, contact the financial aid office at the college of your child's choice. Ask the office whether the Free Application for Federal Student Aid (FAFSA) is accepted. In most cases, it will be. You will be provided with a copy of the FAFSA from the school, and you will need only to fill out this application and return it to determine if you are qualified for the loan. The Department of Education awards PLUS loans based on a parent's ability to repay the debt, not income or need, but needier individuals are more likely to receive flexible financing terms.

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