Federal PLUS Loans for Parents

First, the good news. With the Federal PLUS Loan program, parents can borrow up to 100% of their child’s college costs, including tuition and books, less any other aid received.

Now, the better news. Qualifying for a Federal PLUS Loan is simple, because there is no collateral required, and eligibility is not based on financial need. In other words, you’ll never be denied a Federal PLUS Loan because your income is too high or you have too much in savings.

And best of all, you’ll find Federal PLUS Loans are simply a great deal, with super-low rates, generous terms, and government benefits you won’t get with other types of consumer financing. You’ll find repayment simple, too, with no prepayment penalties and federal loan consolidation benefits that could lower your monthly payments even more.

Even if you expect your child to pay his own way, a Federal PLUS Loan is still a smart choice. With rates starting at 4.22% and even more savings available, it’s easy to treat the loan as your child’s debt and have them make all or part of the monthly payments.

Take advantage of the Federal PLUS Loan program to help send your child to college the smart way. Without sacrificing your life savings. Without risking your home. And without burying yourself in debt.

Get a Federal PLUS Loan application (PDF)

Or call us toll-free at (800) 299-4639

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