For students who have completed all the necessary paperwork and have no registration or financial flags on their records, disbursement usually takes place within the first week or two of the term. If we cannot meet a student's need, there are several sources of private loans through banks. A list of these lenders is available in our office. Each lender has different eligibility, interest, and repayment requirements, so students should evaluate these options very carefully. A. Undergraduate students who are considered financially dependent on their parents may need to fund some of these costs through the PLUS loan.
PLUS loans are low-cost loans for parents to help with their child's educational expenses.
Parents of graduate students and self-supporting undergraduate students cannot borrow through the PLUS program. The decision to borrow through PLUS for dependent undergraduates is a parent's option. We may not be able to meet some students' needs if the parents elect not to borrow from this program. Information on this page is subject to revision. Additional information received from vendors and university colleges may necessitate changes or adjustments to cost figures and other information contained here.