The Federal Direct PLUS Loan is a low-interest loan available to parents of dependent undergraduate students. It can be used to borrow additional funds up to the total cost of attendance, minus any financial aid that has already been taken.
To be eligible for a Federal Direct PLUS Loan, the parent and the student must be U.S. citizens or permanent residents. Students must also be enrolled at least half-time. For more information, visit the U.S. Department of Education’s website.
There are three required steps to apply for a Federal Direct PLUS Loan. Make sure your Free Application for Federal Student Aid (FAFSA) is sent to Furman. Furman’s Title IV code is 003434.