Apply for a Parent PLUS Loan
Parent Plus Loan
What is it? A long-term, loan with a fixed 8.5% interest rate
in the parents' name only.
Who can apply? Parents of dependent undergraduate students
approved by lenders for credit purposes. Dependent undergraduate students whose
parents have been denied credit approval may apply for additional unsubsidized
Stafford Loan funds.
How much can you borrow? The annual limit is the undergraduate
education Budget minus all other financial aid, including loans.
How do I apply? Obtain an application from a participating
lender or on-line at www.upg/pitt.edu, under Financial Aid. In most
circumstances, parents should apply for two terms, half of the loan will be
disbursed for the fall term and the other half will be disbursed for the spring
term. A parent needs to reapply each academic year. If a student is not filing
the FAFSA, proof of dependency must be submitted to the school.
Apply Now