Recommended Options:

Parents can help their student children in several ways. You can borrow money against your own name or co-sign for a private student loan that your student will be obligated to repay after they graduate.

1. Parent PLUS Loans:
   you can borrow up to the cost of attendance minus any financial aid received by the student. PLUS loans are subject to credit approval: jump to parent PLUS loan information
   
   
   
   
2. Home Equity Financing:
   if you have substantial equity value in your home, you might consider using a home equity line to help pay college expenses: jump to home equity information
   
   
   
   
3. Private Student Loans:
   if your students needs additional funds that are not subject to federal regulations, check into private student loans.
   
   By co-signing the note, the student can borrow up to $30,000 each academic year ($40,000 for certain schools where the cost of attendance has been determined to exceed $30,000): see loan limits
   
   Undergraduates may defer repayment until six months after graduation or ceasing to be enrolled at least half-time. Immediate and interest only repayment options are also available.
   
   Graduate repayment is automatically deferred. The terms of deferral of Continuing Education loans varies with program type: jump to private student loan information
   

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