Federal Parent Loans for Undergraduate Students (PLUS)

This program provides loans to parents of dependent undergraduate students who need help in meeting college costs. Parents may borrow up to the difference between the estimated cost of education and other financial aid received.

The loan becomes repayable within 60 days of being issued, at a minimum monthly repayment of $50. A variable rate of interest that cannot exceed 9% per year is charged.

Parents who wish to borrow from this program should contact their banks for a PLUS loan application. After completing the application, forward it to the Office of Financial Aid. The application will be returned directly to the lender. Processing requires about 6 to 8 weeks.

OFFICE OF FINANCIAL AID
450 Clarkson Avenue, Box 110
BSB 1-114
Brooklyn, NY 11203-2098
Phone: (718) 270-2488
Fax: (718) 270-7592

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Last updated March 5, 2008

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