Eligibility*

The PLUS Loan allows parents to borrow federally guaranteed money at low interest to help pay for their child’s education.

    To be eligible for a Federal PLUS Loan, the parent must be:
  • A biological, adoptive or step-parent of a dependent undergraduate student
  • A U.S. citizen or eligible non-citizen
  • Able to meet federal minimum standards of creditworthiness
    In addition, students must be:
  • U.S. citizens or eligible noncitizens
  • Less than 24 years of age as of December 31 of the academic year
  • Unmarried with no dependents

Begin the Application Process

Quick Links
» Loan Amounts
» Rates, Fees and Terms
» Top Questions about PLUS Loans

Download a PDF Federal PLUS Loan Application


* Please be aware that while we continue to offer Private Student Loans, NextStudent is not currently able to accept any new PLUS, Grad PLUS, Stafford, or Federal Consolidation Loan applications.

On October 1, 2007, legislation went into effect that cut $21 billion in subsidies to FFELP lenders like NextStudent. We have been searching, and continue to search, for avenues that would allow us to keep offering FFELP loans. But at this point, until market and regulatory conditions change, we find ourselves forced to suspend our federal education loan programs.

We value your business, and we want to make sure you’re able to get the money you need to pay for school. We encourage you to take advantage of college scholarships and your available federal financing options. But if you’re still in need of a parent or student loan, please give us a call, and we’ll do what we can to help.

Helpful Resources

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Last updated Saturday, May 17, 2008