<p>My school has said i'm eligible to borrow up to $10000 in PLUS loans. so how exactly do I go about applying for a PLUS loan? I looked up 'PLUS loan' on google and there were a bunch of websites that all offered PLUS loans for undergraduate students. are they all legitimate lenders or should I be cautious? thanks!</p>
<p>You would trust the anecdotal comments from a stranger of no credence over your own research? In my business I have discovered that the most cautious are the ones who have been the most taken advantage, and have cost them tens of thousands of dollars. If only they did a little research and kept an open mind.</p>
<p>A student is not eligible for a PLUS. The parents of a student can get a PLUS, up to the cost of attendence, provided their credit allows it.</p>
<p>when i said "i'm eligible" i meant my family is eligible. my parents are both immigrants from the U.K. and are not familiar with the financial aid process. They are completely relying on me to figure out everything related to college. </p>
<p>i was just hoping someone could point me in the right direction. I thought a PLUS loan was through the federal government, not through private lenders. so, has anyone had any good experiences with certain companies/lenders? i'll continue to do my research regarding PLUS loans, but I'm just curious what people have to say or the experiences people have had.</p>
<p>There are several websites that give a good overview of different types of loans, who is eligible, etc. Some of them are actually going to try to 'sell' you the loans, but they still have good information. Try myrichuncle.com, finaid.org, and bankrate.com for starters.</p>
<p>Insideout,
You should check with the schools FA office.
At least in CA state colleges, plus loans are arranged through schools FA office.</p>