Know the Latest parent plus loan eligibility requirements for 2023-24.

Latest Parent Plus Loan Eligibility:

1- Be a biological or adoptive parent or, in some cases, a stepparent as defined by the FAFSA form. 

2- You must have a favorable credit history that is not considered to be risky to the federal government.

3- must be a U.S. citizen or eligible noncitizen.

4- being enrolled or planning to enroll as a full-time undergraduate or graduate student at an eligible institution.

5- Not having had a federal student loan in default in the past 36 months.

6- You will need to provide your income and asset information when you apply for the loan.

7- Parent PLUS Loans are not dischargeable in bankruptcy.

8- You will be responsible for paying the interest on the loan during your school and the grace period.

If you are considering a Parent PLUS Loan, it is important to carefully consider the terms of the loan and your ability to repay it.

Here are complete details about the current federal Parent PLUS Loan interest rate 2023-24.