Loans are financial assistance that must be repaid with interest after you are no longer a student. Your financial aid package may include loans in the form of need-based and/or non-need based financial aid.
Other options for Parents
There are some other options for Parent borrowers other than the Parent PLUS loan through FAFSA. Included is a short but growing list of lenders. Make sure you research all options before applying as each application will initiate a credit check.
Citizens One: Citizens One Parent Loan
Sallie Mae: Sallie Mae Parent Loan
Wells Fargo: Wells Fargo Parent Loan