Plus Loans

Federal PLUS Loans for Parents

Parent PLUS loans enable parents to borrow federal loan funds to pay the educational expenses of their dependent undergraduate student.  A parent(s) is required to pass a credit check but may still be able to borrow with an eligible co-signer.  Students and their parents must also meet all other general eligibility requirements for federal student aid including completing the FAFSA and enrolling at least half-time.  Parents may borrow up to the cost of attendance minus any other financial aid.

Federal PLUS loans for Graduate and Professional Students

Similar to Parent PLUS loans, Graduate PLUS loans allow graduate students with good credit histories to borrow (in their name) federal loan funds up to their cost of attendance less any other financial aid.  Graduate students are required to complete a FAFSA and apply for their maximum eligibility in subsidized and unsubsidized Federal Stafford Loans before applying for a Graduate PLUS loan.

How to apply for a PLUS Loan

1. Parents and graduate students must apply for a PLUS loan at the lenders website or via telephone.

2. Below is a list of lenders that offer quality customer service and efficient processing to FGCU and its students.

3. You are not required to use one of these lenders as FGCU will process a PLUS loan from any eligible lender.

4. If a parent is denied credit, their dependent student may be eligible to borrow additional unsubsidized Stafford Loan funds.  Please contact the financial aid office for more information.

5. Parents will need to complete a Parent PLUS Authorization form prior to disbursement of PLUS loan funds.  Students should check Gulfline for this requirement.

NOTE: Clicking a lender link below will take you away from the FGCU web site. 

Lender	Interest	Borrower Benefits
Edamerica	8.5% PLUS Loan	Flexible repayment options    .25% rate cut when you use auto debit
SallieMae	8.5% PLUS Loan	Flexible repayment options    .25% rate cut when you use auto debit
SunTrust (via ASA)	8.5% PLUS Loan	Flexible repayment options    .25% rate cut when you use auto debit

* * Note:    Benefits listed are subject to change. Contact lender directly for details pertaining to current incentives.