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PLUS Loan Borrower Benefits
The Student Loan Network offers great borrower benefits when applying for the Parent PLUS loan.
- 1% principal reduction after 24 months of on time payments
- 2% principal reduction after 36 months of on time payments
- 3% principal reduction after 48 months of on time payments
- .25% interest rate reduction for paying via automatic debit from a bank account
The primary benefit is that families can borrow federally guaranteed, low interest loans to help pay for their child's education, without needing to worry about collateral, need-based forms, or FAFSA preparation time. Use our online application to Apply Today! |
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