Overview
Paying for a student's college education can be one of a families largest expenditures, second only to the purchase of a home. Most parents help to pay for school by utilizing one of four options: savings, investments, home equity, or the PLUS program .

This section covers the PLUS option and outlines some other possible funding resources for you and your student(s). Remember to keep all your options open so that you can make the best funding decisions for you and your family.

FAFSA
The Free Application for Federal Student Aid must be filed in order to receive any federal funding. FAFSA is an essential aspect of the financial aid process that the parent is primarily responsible for completing.

You must file the FAFSA in order to receive any Federal loan money under the PLUS or Stafford loan programs. To file your FAFSA on-line go to www.fafsa.ed.gov

Federal PLUS
Credit worthy parents of undergraduate students can qualify for a PLUS loan by filing the FAFSA and completing the PLUS loan application with a participating lender.