In any case, be sure to identify OSLA as your lender on the application form. The procedure for parents applying for a PLUS Loan is the same as for a Stafford Loan, except financial need does not have to be evaluated. With the exception of schools participating in the Federal Direct Student Loan Program, a financial aid office cannot dictate which lender you select. Loan Disbursements Both Stafford and PLUS Loan disbursements are sent directly to the student's school. These loan disbursements may be made either by electronic disbursement or by check made co-payable to you and your school.
Schools stipulate the loan disbursement dates.
Your loan generally is disbursed in two installments. The answer to this question is obvious. Yes, you should borrow if you need funds to pay your cost of education. Those with graduate or professional degrees earn even more. Look at educational borrowing as a sound investment in your future.