Important message from Edamerica
Due to recent changes that affect how you will apply for and receive federal student loans for the 2010-2011 academic year, you will not be able to use Edamerica as your student loan lender. Click here to read more about these changes.
Eligibility for a PLUS Loan
The PLUS loan is available to parents of dependent, undergraduate students. An eligible parent borrower is a dependent student's natural or adoptive mother or father. The spouse of a parent who has remarried is an eligible borrower if his/her income and assets were taken into consideration when completing the Free Application for Federal Student Aid (FAFSA).
You must be a U.S. Citizen, U.S. national or eligible non-citizen to qualify. Credit guidelines will apply in determining your eligibility. You are eligible for a Parent PLUS loan for each child who is enrolled at least half-time in school and meets the school's standards for satisfactory academic progress. Eligibility for PLUS loans is not based on need or income.
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