Applying for a Parent (PLUS) Loan

In addition to the on-line PLUS application, you must also file the FAFSA AND the Plus Loan Request Form. 
APPLY FOR A PLUS LOAN NOW!!! -

1.  You must file the Free Application for Federal Student Aid.  This loan can not be certified until the results of the FAFSA are finalized in the RU Financial Aid Office.

2.  For information regarding the Plus Loan Program, click here.  For a comparison of PLUS and Alternative Loans, click here.

3.  The student must meet the RU Financial Aid Standards of Progress and all other federal regulations before the Parent can receive the PLUS Loan.  Students who are not eligible for the PLUS may still be eligible for other Alternative Loans.

4.  When the parent applies on-line here, credit-worthiness will be evaluated.  If the parent is approved, he/she will be able to apply and sign the PLUS Promissory Note on line if the chosen lender participates in the on-line process with RU.  If the parent is denied the Parent Loan, the student may be eligible for additional unsubsidized Federal Stafford Loan.  The student needs to complete an Additional Stafford Loan request form that can be obtained in the RU Financial Aid Office.

5.  Please click on the lender name listed below from which you would like to obtain your Parent (PLUS) Loan.
 

Although you are borrowing from a lender, many lenders contract with other agencies to collect the loans.  Servicers will be the ones that you will be working with during repayment of your loan.  Lenders may also sell your loans to other organizations, so it is very important to review materials that you receive from your lender or servicer. Should you choose another lender, RU will certify eligible loan applications.

Major Lenders
Lender Name	Lender Code	Current Servicer
Click on Lender Name to apply on-line.
Chase	808037	Sallie Mae
Citibank	826878	Citibank
Suntrust	819873	Sallie Mae
Bank of America	501871	ACS
Wachovia	811323	ACS
Other Lender

Although the Federal PLUS Loan program has federally mandated options, such as interest rates, many lenders offer additional benefits for the loans.  Lenders can change these benefits at any time and without notice.  These benefits may be offered at this time for Radford University students and may not be offered for borrowers attending other institutions.  Click here for a chart that compares key points between the major lenders at this time.