Loan funds are disbursed in two disbursements, one for the fall and one for the spring semester. Students need to be registered for the appropriate term before the loan checks are cleared for disbursements. Loans for Parent - PLUS Loans PLUS loans are available to parents of dependent undergraduate students. The annual loan limit is the student s cost of education minus any estimated financial aid. Repayment of the loan begins 60 days after final loan disbursement.
Lenders do credit checks for PLUS loans.
If a PLUS loan is denied the dependent student may be eligible for an unsubsidized Stafford Loan.