PLUS loan Steps:
- If applying for a Parent PLUS loan, the dependendent student for whom you are borrowing must complete the Free Application for Federal Student Aid (FAFSA). Graduate students applying for a PLUS loan must also complete the FAFSA.
- Determine amount needed to borrow, taking into account the 4.204% PLUS loan fee.
- All PLUS loans, with the exception of mid-year graduates, are processed for the full academic year with proceeds disbursed equally between semesters (fall & spring). Summer PLUS requests are processed as single term loans.
- Read specific documentation and apply at: http://www.rollins.edu/finaid/PLUS-loans.html