Federal PLUS loans enable parents or legal guardians with good credit histories to borrow to pay the educational expenses of each child who is a dependent undergraduate. The student must be enrolled in school at least half-time.

Again, to be eligible for a PLUS loan, a parent must possess a good credit history. If a parent does not pass a good credit history, they might be able to qualify for a PLUS loan if someone who can pass the credit check agrees to endorse the loan and sign a promissory note. It is important that the parent(s) contact the lending institution in regard to obtaining a PLUS loan even if credit seems to be a problem. Sometimes extenuating circumstances can warrant a parent obtaining this loan.