Federal Parent PLUS Loan

Federal Parent PLUS Loans enable parents with good credit histories to borrow money to help pay for the educational expenses of undergraduate students enrolled on at least a half-time basis. Parent PLUS Loans are not based on financial need and have a low fixed interest rate of 8.5% on loans with a first disbursement made on or after July 1, 2006.

Interest begins to accrue from the first disbursement date, and repayment begins within 60 days after the final loan disbursement. The maximum PLUS loan amount that a parent or graduate and professional degree student can borrow is the student's cost of attendance minus any other financial aid the student receives.

Apply online for convenient pre-approval for your Federal Parent PLUS Loan. If you accept the terms of our privacy agreement, you will be taken to a secure site to complete the request form.

If you are eligible for and are approved for a PLUS Loan, check with your college to see if you need to submit a PLUS Loan Master Promissory Note. You may access our PLUS Loan Master Promissory Note in either of two ways:

• Complete the MPN online - you may then either sign and submit it electronically or print it out, sign and mail.
• Print the blank form and then simply complete it, sign and send to us at:

Hancock Bank
Student Loan Division
P. O. Drawer 55909
Jackson MS 39296-5909

Information subject to change without notice. Normal credit qualifications apply.