Trends and Issues

Question of the week

Q.: Does a PLUS borrower have to file a FAFSA?

A.: According to the 2008-09 Federal Student Aid Handbook, Application and Verification Guide (AVG):

"If the only federal aid a dependent student wants to receive is a PLUS loan to one of her parents, she doesn't have to complete a FAFSA, but the parent will need to complete a loan application and promissory note. Also, the student must still meet all the usual eligibility criteria, and the parent must meet the PLUS eligibility requirements. A student must submit a FAFSA, however, to receive a graduate PLUS loan." (page 3)

A school may, of course, choose to implement a policy requiring parent PLUS loan applicants to complete a FAFSA. The 2008-09 Federal Student Aid Handbook, Application and Verification Guide can be accessed at www.tgslc.org/policy/fsa_handbook.cfm.

Do you have a question?
If you have a question that needs an answer, feel free to Ask TG™. Ask TG is TG's online query tool for borrowers, schools, and lenders. It includes a database of frequently asked questions about financial aid, student loan processing, and TG's products and services. To submit a question to Ask TG, visit tgslc.custhelp.com.

  Back to Top