Parent PLUS Loans

Parents with good credit history can borrow money for the educational expenses of dependent undergraduate and graduate students. These loans are not based on financial need and can be made for the full cost of attendance less any other financial aid awarded to the student.

Beginning July 1, 2006 the interest rates on parent loans is fixed at 8.5% for the life of the loan.

To Qualify the Student:

• Must be enrolled at least half-time
• Must maintain Satisfactory Academic Progress according to the standards of the school
• And Parent must be a U.S. legal citizen or permanent resident alien

Repayment begins within 60 days after the loan is fully funded.

Austin Bank offers an instant PLUS Credit Pre-Approval Online!

Click here for Pre-approval PLUS Online Application.