What is one requirement for a parent PLUS borrower to be eligible for Title IV funds?

For a parent PLUS borrower to be eligible for Title IV funds, one of the key requirements is that they must not be in default of repayment of Title IV loans. Defaulting indicates a failure to repay federal student loans as agreed according to the loan terms, which affects the borrower's eligibility for obtaining additional federal financial assistance.

Maintaining a good standing with prior Title IV loans ensures that the financial aid system can effectively function, as it is designed to support students and families in funding their education without accumulating insurmountable debt or creating barriers for future borrowing. This requirement helps safeguard the integrity of federal financial aid programs and ensures that funds are available to those who can responsibly manage their repayment obligations.

The other options, while relevant to other eligibility criteria, do not specifically pertain to the prerequisite of not being in default regarding Title IV loans, making this requirement crucial for parent PLUS loan borrowers seeking additional financial assistance.