Paying for a child's education can be a major financial decision. While a Parent PLUS Loan may help cover remaining college costs, families should explore grants, scholarships, and other financial assistance options before taking on additional debt.
Many students and families overlook programs that may help reduce education expenses. Exploring available assistance first can help lower the amount borrowed and create a more manageable education funding plan.
Who May Qualify
Education assistance programs may be available for:
- Parents helping children attend college
- College students and their families
- Low-income households
- Middle-income families with education expenses
- Veterans and military families
- Adult learners
- Students attending college, trade school, or career programs
- Students with academic, financial, or special eligibility requirements
Eligibility varies by program and may depend on income, school, enrollment status, location, academic goals, or other requirements.
Check What You May Qualify For
Before taking a Parent PLUS Loan, explore grants and financial assistance options that may help reduce education costs. OpenGrants Network helps families discover legitimate education assistance programs that may match their situation.
- ✓ Free eligibility check
- ✓ Free guidance if needed
Programs vary based on your eligibility, education goals, and location.
Types of Assistance Available
Before borrowing, families may want to explore:
- Education grants
- Scholarships
- Need-based financial aid
- Merit-based scholarships
- School-based financial assistance
- State education programs
- Workforce and career training assistance
- Veteran education benefits
- Employer education benefits
- Community and nonprofit scholarships
Grants and scholarships generally do not need to be repaid when program requirements are met.
How Education Assistance Programs Typically Work
- Complete required financial aid forms and applications.
- Search for grants and scholarships that match your situation.
- Review eligibility requirements and deadlines.
- Submit required documents.
- Compare available funding options before borrowing.
Taking time to explore assistance options may help families reduce the amount they need to borrow.