For this reason, we strongly advise students to choose a lender from our Preferred Lender List. PLUS Loans are available to parents of dependent students through participating lenders. Eligible borrowers may borrow an amount up to the cost of attendance minus any financial aid and outside resources received by the student. Repayment begins once the loan has been fully disbursed. In order to apply for a PLUS, parents should obtain a loan application from a lender that participates in the PLUS program.
Many lenders also offer the ability to apply over the telephone or over the Internet.
The completed application should then be submitted to the Financial Aid Office for processing. Alternative Loans Alternative loans are supplemental loans offered by a variety of lenders that students can access to supplement other financial resources and any other financial aid awarded. This eligibility refers to the amount of an alternative loan the student could borrow. A listing of alternative loan programs is sent to students with their initial financial aid award letters. Interested students must select an alternative loan program, apply for the loan, and be approved for the loan in order to receive the alternative loan funds.