How do my parents apply for a PLUS loan?
Your parents must complete a PLUS Loan pre-approval and a PLUS loan promissory note. The application is available online at http://www.lsc.edu/financialaid/plusloaninfo.cfm.

Do they need to choose a lender for the PLUS loan?
Your parents will need to choose a participating lender from the lender list contained within the PLUS loan master promissory note.

How much can my parents borrow from the PLUS loan?
The yearly limit on a PLUS Loan is equal to the college's established cost of attendance minus any other financial aid you receive. For example, if your cost of attendance is $13,000 and you receive $4,000 in other financial aid, your parents could borrow up to"but no more than"$9,000.

For more Plus Loan FAQ's: Plus Loan FAQ's .