<p>Is there a date by which we need to apply for a direct plus loan for parents? I plan on doing this over the next few weeks but did not know if there was a deadline.</p>
<p>No, but the sooner you apply the better chance you have of knowing whether or not you will get the loan (it requires a credit check). Many schools - ours included - have not actually started processing fall PLUS loan applications yet, but we do them by order to date received when we begin processing. The credit checks are only good for a specific period of time, so we do hold off a bit on those … but we have to balance that with doing it soon enough that our families will know if they aren’t approved so they can figure out Plan B.</p>