Financial Aid Eligibility

The yearly limit on a Parent PLUS Loan is equal to the students yearly Estimated Student Expenses/Cost of Attendance minus any other financial aid the student receives. For example, if the cost of attendance is $15,500 and the student receives $2,625 in other financial aid, the parents could borrow up to—but no more than—$12,875.

Cost of Attendance $15,500
Student Financial Aid - $2,625
Maximum limit of Parent PLUS for the academic year $12,875
Maximum limit of Parent PLUS per term $4,291 ($12,875 divided by 3 terms)