Federal PLUS Loan for Parents

Discover Student LoansFederal PLUS Loans enable parents and legal guardians with good credit histories to finance up to 100% of a dependent child's cost of attendance. They are a great supplement to federal aid such as the Stafford Loan and a viable alternative if you have been declined for, or choose not to take a private loan.

Eligibility Criteria Includes:

  • Student and Parent must be US citizens, permanent residents or eligible non-residents
  • Student must be enrolled in school at least half-time
  • Parent must pass a credit check

Terms

  • Borrow up to 100% of your dependent child's college funding gap
  • Discounted interest rate of 8.25% (you save 0.25%)
  • 3% origination fee (you save 1%)
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