| Parent
PLUS Loans
Parents with good credit history can borrow money for the
educational expenses of dependent undergraduate students.
These loans are not based on financial need and can be made
for the cost of attendance less any other financial aid awarded
to the student.
Parent PLUS Loans have a fixed interest rate of 8.50%.
To qualify the student:
|
| • |
Must be enrolled at
least half-time |
| • |
Must meet Satisfactory Academic
Progress |
| • |
And Parent must be a U.S. legal
citizen or permanent resident alien |
|
Repayment normally begins within 60 days after the loan is fully funded; however,
Parent PLUS loans disbursed on or after 7/1/2008 may be deferred while the
student is enrolled at least half-time and for 6 months after such enrollment.
Click
here for our Pre-approval PLUS Online Application.
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Equal
Housing Lender