Chase Tip: If you are receiving a PLUS Loan as a means of college financing, the school will also participate in either the Direct Loan program or the FFEL program. With the Direct PLUS Loan, the application and promissory note will be sent to you as one form to complete and return to the school’s financial aid office. With the FFEL PLUS Loan, you will receive an application from the school, lender or guarantee agency for your state. After you return the form to your child’s school, they complete their portion and then send it on to the lender. The private lender will then evaluate the application to make a determination on whether or not it meets their credit granting standards for college financing. A PLUS Loan will require a credit check.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Student Loan Tip Site? Request a Tip Now!

Guru Spotlight

Jennifer Mathes, Ph.D.

Buy My Book

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!