Federal Direct Parent Loan for Undergraduate Students

If you are a dependent student, you may be eligible for a Federal Direct Parent Loan for Undergraduate Students (PLUS) to meet your education expenses. This loan is available through the University and is funded by the U.S. Department of Education. The maximum loan amount for an academic year is determined by subtracting all financial aid (including Stafford loans) from the annual cost of attendance.

The interest rate on the Federal Direct PLUS is variable but will not exceed nine percent. Repayment begins within 60 days of the last disbursement of a loan period. A loan origination fee is deducted from each disbursement of a PLUS loan. These charges do not reduce the amount you are required to repay. Applications are available in the Department of Financial Aid. The University is responsible for forwarding a completed application/promissory note to the loan servicer. For additional information visit our website at http://students.georgiasouthern.edu/finaid.

Federal Direct Graduate PLUS Loan Program

The Federal Direct Graduate PLUS Loan Program is available for graduates and professional students.

To apply students must:

• Enroll as a Graduate or Professional Student in a degree-seeking program.
• Complete the FAFSA
• Receive a determination of the maximum Direct Subsidized and Unsubsidized Stafford Loan
• Enroll at least half-time (six credit hours) for the semester
• Pass a Credit Check completed by the Lender
• Meet all other Title IV Federal financial aid program requirements such as quality assurance requirements, academic progress, and eligible citizenship categories
• The maximum loan amount for an academic year is determined by subtracting all financial aid (including Stafford loans) from the annual cost of attendance.