<p>Hi, Im looking into PLUS loans for my parents. They are going to be taking out about $15,000 a year for me to go to Berkeley. According to Berkeley, they just have to fill out an MPN, complete an application that the school will send us, and officially accept the loans through the school. </p>
<p>So, everything will be done through UCB, which is a "direct lender." (I dont know exactly what that means.) Who is our lender? I saw another thred comparing different lenders for the PLUS loans, so I was confused. Should we be shopping around instead of just going with the one Berkeley is giving me?</p>
<p>Thank you for your help.</p>