Parent Plus Loan at Georgia Southern

Parent Plus Loan at Georgia Southern

5 min read


A parent loan is a type of non-recourse loan that parents take out against their own child’s future earnings when they attend college. Parents use these loans to help pay for school costs, including tuition, room, board, books, fees, activities, travel, etc. A parent plus loan is when two people (a parent and a student) each have a parent loan. These loans allow the student to graduate debt free while also providing some money for the family to live off of while the student is in school. The amount of income repaid is called the repayment term. However, there is no set limit to how long the borrower may need to repay the loan. Typically, the longer the repayment term, the lower the monthly payment will be.

Parent Plus Loan at Georgia Southern

Georgia Southern Parent Plus Loan-$9,000 per year/15% interest rate/5 years

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Georgia Southern Parent PLUS Loans (GSPL) are federally-insured student loans offered under Title IV of the Higher Education Act of 1965, as amended. Under federal law, eligible students may borrow up to the cost of attendance at their institution as determined by the U.S. Department of Education based on the cost of tuition, fees, room and board, books, supplies, personal effects, transportation, and equipment. Students must maintain satisfactory academic progress to remain eligible for federal Pell Grant funds. If you graduate in May 2015 or later, you will need to work 30 hours per month before you begin repayment on your GSPL. Thereafter, if you do not make timely payments, you will accrue additional interest charges. Your payment amount will increase each time you miss a payment date. Late payments will result in additional late charges and possible default. Defaults may lead to loss of eligibility for further financial aid, cancellation of the account, and collection activities. These loans are not insured or guaranteed by the government. All proceeds from these loans are paid directly to the school.

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HELOC (Home Equity Line of Credit)

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Parent Plus Loan at Georgia Southern

Parent Plus Loan at Georgia Southern

The Parent Plus loan at Georgia Southern University is awarded based on academic merit. Students who qualify may borrow up to $10,000 per year to pay for tuition, fees, books, supplies, room and board. The parent plus loan allows students to cover educational expenses that are not covered by financial aid or student loans.All applicants must have a minimum cumulative GPA of 2.0 on a 4.0 scale and be enrolled full-time in any degree program offered by GSU.

Student Loans

Students should apply for federal and private student loans before applying for a Parent Plus loan. Federal loans are available with interest rates ranging from 5% to 6.9%. Private loans carry interest rates of 12% to 20%, depending upon the amount borrowed and the creditworthiness of the applicant.

Parent Plus Loan at Georgia Southern

Parent Plus Loan at Georgia Southern

What is it? A $5,000 loan offered by Georgia Southern University that helps parents finance the cost of their child’s education at GSU What does it cover? Any fees incurred while taking classes and paying tuition at GSU. An application fee of $40 applies. How do I apply? Apply online at When should I apply? You must complete your student aid application (FASFA) through FAFSA-FastWeb or by October 1. In addition, you need to have a copy of your child’s FAFSA submitted to our office no later than January 31st (you can get these documents from

Parents Plus Fee Waivers

Are they available? Yes, if your family meets certain criteria. See for details. How much? All eligible parents may request five hours of free childcare per week for each semester of enrollment; an additional ten hours per semester may be requested at a discounted rate. What is the deadline? Applications for this program are accepted until mid-December; however, families should plan ahead to ensure they meet the deadlines required for the program. Where can I find out more information? Visit us at

Financial Aid

Does it help me? Yes! Financial aid is based upon financial need, not merit. Every year, the university awards approximately 50% of its students with some sort of financial assistance. If you qualify for any federal or state grants, you may also receive some funding. Students who have completed their FAFSA may be considered for a variety of merit scholarships. Finally, many private schools offer scholarships specifically to GSU students. To learn more about the different types of financial aid available, visit www.gsu.edusaidinfo.


Can I apply for them? Yes! There are several ways to earn scholarship money including academic achievement, sports participation, community service involvement, and leadership positions. 5. Summer Camps

Do they accept my kids? Yes! Each summer, Georgia Southern offers three separate camps at various locations around campus. Campers participate in activities ranging from arts and crafts to swimming, field trips, and even recreational games. All campers are subject to pregistration requirements.

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