PLUS Loans

PLUS Loans 

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.

Parent Loans for Undergraduate Students

Get the best deals with Loans.

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!

Get the loan that financial experts recommend.

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.

  • Fixed, low interest rate of 8.5%
  • Loan amounts that cover up to 100% of the cost of your child college education
  • Available throughout the school year—even if you’ve already paid tuition and other educational expenses, apply for a PLUS loan and reimburse yourself!
  • Eligible for federal loan consolidation
  • Interest that may be tax-deductible (consult your tax advisor)
  • Quick, no-hassle application process

What are you waiting for? Apply for your PLUS loan now.

Lock in your monthly payments.

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.

  • Generous borrowing limits: The cost of college is more than just tuition. With a PLUS loan, you can borrow up to your child full cost of attendance, which includes school-related expenses like books, supplies, and even a transportation allowance.
  • No application fees: It always free to apply for your Federal PLUS Loan.
  • Secure online application process with e-signature: Apply online, and you could have a preliminary approval in as little as 15 minutes
  • PLUS Credit Resolution Team: We’ve been able to approve 87% of our PLUS and Grad PLUS loan applicants. With “second look” policy, we can help you get past unresolved credit issues, even if you don’t get a preliminary approval right away.
  • Repayment flexibility: PLUS loans come with different repayment options that could help lower your monthly payments. And your PLUS Loans are eligible for consolidation, which could give you more time to repay.
  • No prepayment penalties: You won’t ever be charged a fee for making more than your minimum monthly payment or for paying off your PLUS loan before it due.

Apply once, and get your PLUS funds for years.

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.

  • Lock in a fixed, low interest rate of 8.5%.
  • Borrow up to 100% of your child college costs—that means not just tuition, but other education-related expenses like room and board, school fees, books, supplies and even a computer!
  • Consolidate your PLUS loans, and you could substantially lower your monthly payment and get up to 20 more years to repay.
  • Your PLUS loan interest payments may be tax-deductible (check with your tax advisor).
  • Apply online, and you could have a preliminary approval in as little as 15 minutes!

Returning PLUS Borrowers

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.

Find the Money: The Real Story on How Aid Packages Are Calculated


You've worked up a list of colleges that look promising, from academics to size to location to vibes. Logically, the next step would be to use price to help narrow the field-but how? Going by the figures for total costs shown in catalogs and on Web sites-last year they averaged $24,946 for private colleges and $11,338 for public...

Guide to Deferment and Forbearance


Sometimes life can put a dent in your budget, making it harder to pay your everyday living expenses and monthly bills. When faced with the loss of a job, going back to school or sudden unexpected expenses like medical bills or car-repair costs, even the most responsible borrowers can find themselves struggling to make their student loan payments....

Financial Aid: A Key Part of College


Paying for college is an issue for every family. Many do not have the resources to pay the costs of a college education without unreasonable sacrifices. They must look for student financial aid to provide access and choice to college. With a basic knowledge about how the system works, financial obstacles should never prohibit you from fulfilling...

Myths and Realities About Paying for College


Myth: College tuition costs more than $20,000 a year. Reality : Of the 3,600 colleges and universities in America, 81 charged $20,000 or more for tuition and fees in 1997-98. When on-campus room and board charges are added, about 300 institutions cost $20,000 or more before student aid is deducted....

Now's the Time to Start Working on College Aid


Happy New Year. If you've got a kid who's a senior in high school and planning to start college this fall, you'd better get busy. OK, go ahead and finish your coffee first. But right after that -- or at least as soon as possible within the next few weeks -- it's time to apply for financial aid....