 TITLE: How to Apply for a Parent PLUS Loan CONTENT: Determine How Much You Can Borrow\n---------------------------------\nParent PLUS loans allow you to borrow up to the cost of attendance at the college or university your child plans to attend, minus any other financial aid received. The cost of attendance includes tuition, room and board, and other educational expenses such as books. Your school will provide the cost of attendance to help you determine how much you'll need to borrow.\nBecause you can borrow up to the total cost of attendance doesn't mean you should, however. If you have savings, such as money in a 529 plan, or monetary gifts from your child's grandparents, for example, subtract those amounts from your financial need. Also consider additional ways your student can get money for college that can reduce your future financial burden, such as through scholarships and grants as well as working a part-time job while in school. END