Federal Parent Loan for Undergraduate Students

(PLUS) Under this federal program, parents of dependent students may borrow up to the cost of education minus any other financial aid. The interest rate is fixed at 8.5%. Repayment begins 2 months after the date of disbursement. Eligible parent borrowers must demonstrate a good credit history to receive a PLUS loan.

Learn more about the Parent PLUS loan by accessing the Parent PLUS Guide.  This guide is a quick way to understand the PLUS loan process and includes calculators to assist you in understanding payments. 

Use the link below to apply for a PLUS loan. After you log in and provide the necessary information, a credit analysis will be performed online. If your credit is favorable, you will be instructed to complete the remainder of the application. If your credit is unfavorable, you will be instructed to print the denial statement, and contact the Lake Erie College Financial Aid Office for further assistance.



PLUS Loan Application