ParentPLUS loans are offered by the federal government to make it more accessible and affordable for eligible parents to seek a college-level education.  To receive a loan, a parent borrower must (1) have a child who has filled out the Free Application for Federal Student Aid(FAFSA^®; (2) be the biological or adoptive parent (or in some cases, the stepparent) of a dependent undergraduate student enrolled at least half-time at an eligible school; (3) not have an adverse credit history; (4) meet general eligibility requirements for federal student aid. Grandparents (unless they have legally adopted the dependent student) and legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student.

See Topic: ParentPLUS Loans