Parent PLUS loans may only be used to pay for your student's educational expenses. Because of this requirement, Parent PLUS loans are applied to applicable charges on your student's account before any other payment types.
Any excess is then refunded either to you or to your student depending on the option you selected on your promissory note. This excess may be used to cover other educational expenses that may not be charged to your student's account such as room and board, books, supplies, equipment, transportation, and rental or purchase of a personal computer.
Please refer to the Department of Education's website for further information on disbursement and use of the Parent PLUS loan.
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