07/17/2026
💰 Borrowing Basics: Parent PLUS & Alternative Private Loans 💰
Paying for college is a family investment, and understanding your borrowing options can help you make informed decisions.
📌 Parent PLUS Loans -Parent PLUS Loans are federal loans that parents of dependent undergraduate students may use to help cover educational expenses not covered by financial aid. Eligibility is determined through a credit check, and repayment options are available through the federal loan program. https://sfs.mst.edu/financialaid/typesofaid/loans/federalstudentloans/federaldirectparentplusloan/
📌 Alternative (Private) Loans- Alternative private loans are offered by private lenders and can be used to help cover remaining educational costs after other financial aid resources have been considered. Interest rates, repayment terms, and credit requirements vary by lender, so it's important to compare options carefully before borrowing.
https://sfs.mst.edu/financialaid/typesofaid/loans/privatealternativeloans/
📅 Have questions about financing your education? Schedule an appointment with a Student Financial Services counselor to discuss your options.
🔗 https://sfs.mst.edu/contactus/makeanappointment/