Federal Parent PLUS Loans Made Fast and Easy
Do you need help paying for your child's college education? The Federal Parent PLUS Loan helps parents and guardians with good credit borrow up to the cost of education for undergraduate children.
Parent PLUS Loan funds can be used for tuition, supplies, housing, and more.
Federal parent PLUS loans help supplement your other sources of financial aid, giving you the flexibility to cover 100% of your student's college expenses even if the FAFSA process has denied your student other aid.
Benefits & Terms
- 8.5% fixed interest rate
- Payments typically begin within 60 days after final disbursement with the option to defer payments while your student is enrolled at least half-time
- 10 to 25 year repayment period
Eligibility
- You must be a U.S. citizen, a permanent resident or an eligible non-resident
- Your student must be enrolled at a school that participates in the Federal Family Education Loan Program (FFELP)
- You must be in good standing on your other education loans and grants
- You must pass a credit check
How to Apply
- Determine the amount you need to borrow
- Have your Social Security number, driver's license, two references, and FAFSA PIN ready**
- Click the Apply Now button and follow the instructions to complete your application
- We will check your credit
** Parents do not need a FAFSA PIN to apply for a Federal PLUS loan, but many schools ask for it to be provided with an application. If you do not have a FAFSA PIN, you can obtain one by completing the Free Application for Federal Student Aid.
