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Normally, a dependent student cant get as much unsubsidized loan funding as an independent student can. But when youre denied for a parent PLUS loan, the school may offer your child the higher maximum amount of unsubsidized loans that is otherwise available only to independent students.
You, the parent borrower, are legally responsible for repaying the loan.
Your Direct Parent PLUS loan will appear as anticipated aid on your students account statement once the following have been completed: Your student has met the minimum eligibility requirements. You have completed your Federal requirements (loan application approved and MPN has been signed)
The status of a Direct PLUS Loan can be found by either logging in to your account or by contacting your student loan servicer. Not sure who your loan servicer is? Log in to StudentAid.gov to view your servicer information.
You can identify your loan types by logging on to StudentAid.gov and selecting My Aid in the dropdown menu under your name. In the Loan Breakdown section, youll see a list of each loan you received.
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Direct PLUS Loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid.
Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student. Begin your Direct PLUS Loans application online.
You can find your federal student loan balances by logging into your account at StudentAid.gov. For private student loan balances, you can contact your loan servicer or check your credit report. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com.

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