Information for Parents
Paying for a student's college education can be one of a family's
largest expenditures, second only to the purchase of a home. Most
parents help to pay for school by utilizing one of four options:
savings, investments, home equity, or the PLUS program.
This section covers the PLUS option and
outlines some other possible funding resources for you and your
student(s). Remember to keep all your options open so that you can make
the best funding decisions for you and your family.
The Free Application for Federal Student Aid must be filed in order to
receive any federal funding. FAFSA is an essential aspect of the
financial aid process that the parent is primarily responsible for
You must file the FAFSA in order to
receive any Federal loan money under the PLUS or Stafford loan
programs. To file your FAFSA on-line go to www.fafsa.ed.gov
Credit worthy parents of undergraduate students can qualify for a PLUS
loan by filing the FAFSA and completing the PLUS loan application with
a participating lender.