Federal Plus Loans

Beacon College School Code: FAFSA 033733

Federal Plus Loans

PLUS Loans
Federal guaranteed PLUS loans are available to credit worthy borrowers who are the parents of an undergraduate student. The student must complete the FAFSA, be accepted by Beacon College as a degree-seeking student, and be registered for at least half time status. If the parent of an undergraduate student applies for a PLUS loan and is denied credit, the student becomes eligible for an additional amount in unsubsidized Stafford student loans.

There is also a dollar limit on the amount you may be eligible to borrow. Beacon must certify that each loan meets certain other conditions related to the student’s estimated Cost of Attendance, other financial aid and the number of school terms the loan will cover. Consequently, you may want to discuss your situation with a Beacon College Financial Aid Counselor to determine the amount you would be able to borrow.

Log on to the U.S. Department of Education website:
https://StudentLoans.gov and follow the steps below.

  1. Complete the online Credit Check
  2. Complete the Parent PLUS Direct Loan application
  3. Complete the Parent PLUS Entrance Interview (Counseling) session
  4. Complete the Parent PLUS Master Promissory Note (MPN)