Answer
For parents that wish to assist in paying for their child's education, Parent PLUS loans are there to assist as an alternative to making cash payments.
Federal Parent PLUS loans are not awarded based on the student's financial need and are only awarded after the parent applies for them. Borrowers will need to complete a credit check to qualify for a PLUS loan. For more information regarding eligibility, interest rates, origination fees, repayment, loan limits, and other requirements for borrowing PLUS loans please visit the following: http://studentaid.ed.gov/types/loans/plus
Federal Parent PLUS loans are not awarded based on the student's financial need and are only awarded after the parent applies for them. Borrowers will need to complete a credit check to qualify for a PLUS loan. For more information regarding eligibility, interest rates, origination fees, repayment, loan limits, and other requirements for borrowing PLUS loans please visit the following: http://studentaid.ed.gov/types/loans/plus