You must repay this loan. The maximum is the most a student might be able to borrow. The school is your lender. The loan is made with government funds with a share contributed by the school. You must repay this loan to your school.
Funds are limited.
Repayment begins 9 months after you graduate, leave school, or drop below half-time status. Your monthly payment amount will depend on the size of your debt and the length of your repayment period. Federal PLUS Loan PLUS Loans enable parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half time. Students who wish to apply for a PLUS loan are required by Delta State University to complete the Free application for Federal Student Aid each year. To be eligible for a PLUS loan, your parents will be required to pass a credit check.