PLUS loans are in place to help parents pay for education expenses not covered by other financial aid
And how do I apply for one of these loans?
There is an online application for you to apply for a parent PLUS loan.
If I do get a PLUS loan and I'm having trouble repaying it, what will happen?
If you will have trouble making a payment, contact your loan servicer right away. They can help you understand your options for keeping your loan in good standing.
What criteria must I meet to be eligible for this loan?
Are you either the biological, adoptive parent or stepparent of a dependent undergraduate student enrolled at least half-time at an eligible school?
Yes the biological parent.
Is your credit rating good?
Yes I have a decent credit rating.
Do you meet the eligibility requirements for federal student aid?
Yes, I think I do.
Then you should be a candidate to receive a parent PLUS loan.
You mentioned earlier that my loan agent could help me if I'm having trouble paying. What exactly could he do?