What is required from a parent PLUS borrower regarding Title IV loans?

A parent PLUS borrower is primarily responsible for ensuring that their borrowing stays within the limits set by federal regulations. This is crucial because Title IV funds are designed to help students and their families pay for education expenses, and maintaining these borrowing limits helps sustain the integrity and availability of federal financial aid programs.

The annual and aggregate loan limits are instituted to prevent over-indebtedness and to ensure that funds are allocated fairly among all eligible students. When a parent PLUS borrower does not exceed these limits, it indicates they are compliant with federal regulations, which is essential for continued eligibility for Title IV funding. Not adhering to these limits can result in a borrower facing consequences, such as ineligibility for future loans or experiencing difficulties in repayment.

The other options do not accurately reflect the requirements for parent PLUS borrowers regarding Title IV loans. For instance, there is no mandate that a borrower must never have applied for a loan before, and a co-signer is not required for parent PLUS loans. Additionally, there isn't an age requirement for the borrower, making these criteria irrelevant in the context of Title IV loan borrowing.