Parents no longer need to wait to apply for the Parent PLUS loan for the 2009/10 academic year.
The Federal Department of Education has announced the cancellation of the Competitive Loan Auction Pilot Program for Parent PLUS loans. 
Per the Federal Department of Education:  During the 2009-10 and 2010-11 award years, Parent PLUS loans under the [...]

 
UPDATE               UPDATE               UPDATE               UPDATE               UPDATE               UPDATE
 
CHANGES PENDING FOR THE PARENT LOAN PROGRAM (PLUS) FOR 2009/10:
 
Congress has voted to change the way FFELP PLUS loans will be processed in the future.  This change will affect only NEW PLUS loan borrowers starting in 09/10.  A new policy is being established that will assign one financial institution to [...]

 
Acknowledgement letters are being mailed to students who have submitted their 2009/10 FAFSA.  Please read your letter carefully; if we require additional documentation from you, a list of the required information is provided on your letter.  Follow the instructions on how to access forms on our web site and return all documents to the Office [...]