Parent Plus Loan

The Federal PLUS Loan (Parent Loan for Undergraduate Students) is a low interest education loan designed specifically for parents to pay for their child’s education. Parents may borrow up to the cost of attendance annually, minus all other Financial Aid received. This means parents may borrow only up to the amount not covered by financial assistance.

Qualifications:
Eligibility for the PLUS Loan is not based on financial need, parents at all income levels are welcomed to apply. We will obtain a credit report from a national credit bureau before approving your loan.

To begin the pre-approval process and complete or E-sign your PLUS MPN,

If you choose not to sign your PLUS Master Promissory Note (PLUS MPN) electronically when you apply online, print the PLUS MPN, sign it, and return to our Servicing Agent at the following address:

COSTEP

c/o Loan Origination Department

P.O. Box 60

Edinburg, Texas 78540