Loan Amounts
You’re covered. Get up to 100% of the cost of your child’s college education.
With a PLUS loan, you can help your children pay up to 100% of their college expenses. That means things like books and supplies, not just tuition and room and board.
Each year, you can borrow up to the annual PLUS loan limit. The PLUS loan limit is your children’s total cost of attendance, less any other financial aid your children have received (like scholarships, grants, Stafford loans and work-study).
If your children didn’t qualify for any other financial aid, a PLUS loan will let you take out the full cost of attendance. Since PLUS loans are non-need-based, as long as you and your student meet the eligibility requirements, you can qualify for PLUS loan assistance, no matter how much money you make.
Besides tuition and room and board, the cost of attendance also includes other education-related expenses, such as student fees, books, supplies and a transportation allowance.
Your children’s cost of attendance will be determined by their school. You can usually find this information on the school’s website. Or you can always call the school’s financial aid office.
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PLUS Loan FAQs
