<p>The package does not include a PLUS loan. The package is very unclearly suggesting that the parents APPLY for PLUS to come up with that amount of money to make things work out financially. One parent will have to apply, and qualify. If there are any late payments (over 90 days) on the credit report, or some other issues such as bankruptcies, the parent will be denied. If that is the case, the student will be eligible for an additional $4K in Direct Student loans. </p>
<p>If you and your parents do not want you to work during the school year, you had better come up with an idea for the $5K that the school is suggesting you fund with work study. Be aware that many schools, even the most generous ones with no loan policies are throwing WS into the packages.</p>