Plus Loans


What is a PLUS Loan?

How Do I Apply for a PLUS Loan?

What is a PLUS Loan?

Plus Loans are loans that parents borrow to help pay for their dependant student's educational expenses. The dependant student must meet all federal aid eligibility requirements in order for the parent to borrow a PLUS Loan. See the 'How is my Eligibility Determined' page for more details.

The annual borrowing limit is the student's estimated cost of attendance minus other financial assistance. Fees of up to 4% are deducted from the loan amount. The PLUS Loan interest rate is a fixed interest rate of 8.5%. The parent borrower may begin repayment 60 days after the loan is fully disbursed, or, for loans disbursed after July 1, 2008, the parent borrower has the option of postponing repayment until six months after the dependant student on whose behalf the loan is made graduates or drops below half-time enrollment.

How Do I Apply for a PLUS Loan?

  1. 1. Complete the pre-approval process through the Department of Education at http://www2.ed.gov/offices/OSFAP/DirectLoan/parent.html.
  2. 2. Complete the Dalton State PLUS Loan Certification request PDF. This form needs to be completed so that our office knows how to distribute the loan funds.

PLUS Loan borrowers generally need to go through a credit check. If the parent is denied the PLUS Loan, the dependant student may borrow up to $6,000 in Unsubsidized Stafford Loan funds at the freshman and sophomore level, and up to $7,000 at the junior or senior level.

Questions should be directed to Sherry Breitweiser, Dalton State College's Student Loan Coordinator.

Dalton State, 650 College Drive, Dalton, GA 30720
706.272.4436 • 1.800.829.4436 • www.daltonstate.edu