Federal Parent Loan Program (FPLUS)

The Federal Parent Loan Program (FPLUS) are funds the government has made available to parents to help with their student’s education costs.
Interest rates for the FPLUS are still low, but they are higher than the Federal Stafford Loan.
Parents can borrow enough to supplement their student’s cost of attendance.
Repayment on the FPLUS begins three months after the funds are disbursed to the student’s account.
Completion of the Free Application for Federal Student Aid (FAFSA) is not required, but encouraged.
Applying for the FPLUS requires parents to have a credit application approved with a lending institution. Most applications can be completed online. The lending institution will then supply the school with a certification form to finish the application process.

*Students whose parents are denied the FPLUS, for credit reasons, are eligible for the additional loan limits independent students are typically allowed.
Parents must complete a PLUS loan Amount Request Form with Wilmington University before the school will certify the loan. This form must be returned to the Wilmington University Financial Aid Office.

FPLUS Lending Institutions Links

*Note: Parents are not limited to the above lending institutions.