Please be aware that due to current conditions in the student loan market in particular and in the financial sector in general, is not currently able to accept any new PLUS, Grad PLUS, Stafford, or Federal Consolidation Loan applications. However, you may be able to apply for these federal student loans from one of our trusted partners. Click here for more information.
Cover up to 100% of your children college expenses with a low-interest, fixed-rate Federal PLUS Loan from. You can help your children pay not just for tuition and room and board, but for other school-related expenses, like books and fees. PLUS loans aren’t based on financial need or income, so you can’t be turned down for making too little or too much money. Even Bill Gates could get a PLUS loan!
Financial experts agree: Federally guaranteed PLUS loans are a smart financial strategy for parents of undergraduate students—they can help families meet college costs at below-market rates and generous terms. Federal PLUS Loans give eligible parents another option for college financing that serves as an alternative to dipping into the family savings or borrowing against a home.
What are you waiting for? Apply for your PLUS loan now.
Your PLUS fixed interest rate means you’ll never have to worry about rising interest rates or a higher monthly payment than what you initially signed up for.
Once you complete the PLUS loan Master Promissory Note (MPN), your approved PLUS application is good for up to 10 years. As long as you’re credit-approved and your child stays at the same school, all you have to do is check in each year and confirm how much money you want to borrow.
Federal PLUS Loans allow qualifying parents of eligible undergraduates to borrow up to the total cost of attendance each year their student is in school. PLUS loans aren’t need-based loans, so you can qualify regardless of income. And more importantly, PLUS loans are available throughout the academic year. So even if you’ve already started paying this year tuition, it not too late to take out a PLUS loan. Just ask the school to send the check to you, and reimburse yourself!
Taking out a PLUS loan is a smart financial strategy, and it can help you meet college costs at low, fixed interest rates and excellent terms.
The Master Promissory Note (MPN) you completed for your Federal PLUS Loan is good for up to 10 years, as long as you’re credit approved and your student has remained at the same school. Just check in with us to confirm how much money you want to borrow, and contact your student financial aid office to let them know you’ll be renewing your PLUS loan. You can use this form to assist you in renewing your PLUS loan.