Loans for Parents
The financial needs of our students鈥� families are as different as the families themselves. For most students, the need-based assistance offered by 91探花 Mudd is sufficient to pay for college when combined with the family鈥檚 calculated contribution.
However, the reality for many families is that they are not prepared to contribute the calculated family contribution. Many parents look for low-interest financing options, such as the Federal Direct Parent Loan for Undergraduate Students (PLUS), to help reduce monthly expenses and to extend the payment of the academic year鈥檚 costs.
Note: For those borrowing a Parent Loan for Undergraduate Students (PLUS),
- All borrowers are required to review the amount of loans offered and actively accept the loans on the Financial Aid @ HMC portal or by signing and returning a copy of their Financial Aid Offer to the Financial Aid Office.
- PLUS loan borrowers must complete the online.
- First time PLUS loan borrowers must complete and electronic . The promissory note is good for ten years.
- Students who have completed the loan requirements and all other financial aid requirements will have loan funds applied to their student account during the fist week of October for the fall semester and the first week of February for the spring semester. Loans then are disbursed weekly as requirements are completed.
Afford Resources
- Admission and Financial Aid Announcements
- Applying for Financial Aid
- Downloadable Forms
- Outside and Private Awards
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Consumer Information
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