The borrower must be enrolled for at least a half-time basis. The borrower must be a U.S. citizen, permanent resident or eligible non-citizen. For Federal Parent PLUS loans, the student must satisfy the citizenship criteria.
Education Loan Eligibility
As these loans are available to students who are unable to cover the costs of their higher education, applicants' eligibility is determined by their academic performance as shown in prior exam mark sheets.
The vital education loan eligibility criteria that the candidates need to fulfil to get approval for the loan are listed out here:
The candidate applying for the loan must be a resident of USA.
He/she must have confirmed admission in recognised educational institutes in India or abroad.
The age of the candidate must fall within the bracket of 18 to 35 years during loan application.
He/she must be undergoing a graduate/postgraduate degree or a PG diploma.
The applicant should have a secured admission in a college or university affiliated by Govt. etc.
Students pursuing full-time courses need to have a co-applicant who can be either parent/guardian or spouse/parent-in-law (in case of married candidates).