Parents may borrow additional money to assist with paying for college costs. One option is the Federal Direct Parent Loan for Undergraduate Students, or PLUS loan. PLUS Loans for parents of dependent students are not need-based, but the parent(s) must be approved after a credit check. Under this program, parents can borrow up to the total cost of education minus their student’s expected financial aid.
...that some out-of-state students qualify for tuition rates comparable to students from Illinois?
Students from neighboring states (Indiana, Iowa, Kentucky, Michigan, Missouri, Wisconsin) and some academically talented students (as determined by the University) are eligible for this savings of approximately $8,000 per year.