Summary: Parent PLUS Loans

financial aid center for community and other colleges


	Summary Info
	More Detail Info
	PLUS Loan Rates

The PLUS loan is available to parents who can pass a credit check. You may want to check your credit report prior to application:
click here

PLUS Loan Summary

intro:
government guaranteed, fixed rate loan that covers up to 100% of your dependent child's education, less any financial aid awarded the child

new graduate plus loan:
graduate and professional students are now eligible under the grad plus program: see grad PLUS loans

Loan Amount	cost of education minus aid given
Payments Begin	60 days after first disbursement
Interest Rates	fixed for the life of the loan
No Restrictions	no prepayment penalties; no collateral

Apply Now

apply online for PLUS loan

Aid Tracking

track your financial aid resources

uses:
designed to pay for education-related expenses as certified by the institution

amount:
eligible to borrow up to 100% of the cost of education minus any financial aid received

no restrictions:
does not require collateral; no prepayment venalities

loan processing:
pre-approval within minutes; funding can be made within 30 days or less

eligibility:
student must be enrolled at least half-time in an undergraduate degree or certificate program at an approved school

approval requirements:
satisfactory credit history required

rates:
PLUS loans are fixed rate loans: see rates

terms:
repayment begins 60 days after disbursement

budget tracking sheet:
keep tabs on your student loans to help plan financial aid needs for each academic year -- plus manage your monthly living costs:
FREE download

More Information Available:

	more detail information about PLUS loan program
	look into the bank equity program as an alternative option

	TIP: view the pros and cons of parent plus loans
	TIP: budget and manage your student funds

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