How does the plus loan effect married parents

thumper1
Thu, 02 May 2013 08:03:30 +0000

I just looked at the application for a Parent Plus Loan. It requires the submission of the FAFSA. The FAFSA does have your parent income on it. If your mom is applying solely, and her income is zero on that FAFSA, I can’t imagine how she would qualify for the loan.

BUT maybe I’m missing something!

Direct Loans for students do not have any income requirement but they are also very limited in amount.

Plus Loans can be taken up to the cost of attendance IF you qualify (not suggesting you do that…).

I will say, the requirements for qualifying for a Plus are less stringent than for other loans.

I’m hoping someone with experience applying for a PLUS will see this thread.