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PLUS Loans are not based on financial need. In addition, to
be eligible for the loan, parents must not have an
"adverse" credit history as defined by federal
regulations. For each child enrolled in school, parents may borrow
up to the full cost of attendance each year minus any other
financial aid that the student receives.
In addition to meeting federal guidelines for a PLUS Loan,
to borrow from College Foundation, Inc. (CFI), the parent
also must have a North Carolina Connection. Your connection
must be through one of the following means:
You are:
- A resident of North Carolina; or
- A nonresident of North Carolina and the benefiting
student is enrolled, or accepted for enrollment, at a North
Carolina college or university eligible to participate in the
Federal Family Education Loan Program; or
- A previous CFI borrower; or
- A current or former participant or beneficiary in the
North Carolina College Savings and Investment Program (provided
that, the savings account was not closed due to a rollover to
another qualified tuition program); or
- You attended a North Carolina college or university
eligible to participate in the Federal Family Education Loan
Program.
You may check out the loan
interest rates.
You may submit your PLUS Loan application online, or,
download and print an application and send it to CFI.
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