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Parent Plus Loans

A parent of a dependent undergraduate student who is enrolled at least half-time (6 credits) may be able to borrow a Parent PLUS Loan (Parent Loan for Undergraduate Students) through the DL (Direct Loan) program to help pay for educational expenses while attending Trinity Valley Community College. The Parent PLUS Loan is based on credit and usually requires that the parent begin repayment 60 days after the last disbursement is received.

1. Complete and Return Loan Request Form to Athens Financial Aid Office via fax (903-675-6345), email ( or or mail (Attention: Financial Aid, 100 Cardinal Drive, Athens, TX 75751).

2. Complete online loan entrance counseling and E-Sign Direct Loan Master Promissory Note at: using your FAFSA PIN. The Direct Loan Master Promissory Note is valid for Federal Direct (DL) Stafford Loans at educational institutions participating in the Federal Direct Loan Program for a period of 10 years.

Your Parent PLUS Loan application will authorize a credit check by Trinity Valley Community College. If your parent doesn't pass the credit check, he/she might still be able to receive a loan if someone credit-worthy such as a friend agrees to co-sign the loan. A co-signer promises to repay the loan if the borrower fails to do so.

If the parent does not pass the credit-check, then the student may be eligible for up to an additional $4000 unsubsidized loan.

How much can my parent borrow?

The yearly limit on a Parent PLUS Loan is equal to your cost of attendance minus any other financial aid you receive. If your cost of attendance is $6,000, for example, and you receive $4,000 in other financial aid, your parent can borrow up to $2,000.

Who gets my Parent PLUS Loan money?

Once approved and awarded (e-signed MPN, credit check passed, and PLUS counseling has been completed) the PLUS loan will be applied to the student’s Trinity Valley Community College account and if the student owes any money to the college, it will be taken out of the loan. Any credit balance leftover from the PLUS loan will be mailed to the parent via paper check.

IMPORTANT NOTE: If the parent wants the credit balance to be given directly to the student, he/she must complete the PLUS Loan Authorization Form.

What's the interest rate?

Parent PLUS Loans are currently at a fixed rate of 6.84%.

Posted Date:
4/12/2016 2:23:31 PM