A federal education loan program that allows parents of dependent undergraduate students to borrow guaranteed loans.
Parent Loans for Undergraduate Students (PLUS). A student's parents may borrow up to the difference between educational costs and other financial aid received each year from a bank or other lending institution through this program.
A low-cost, federally insured loan for parents, stepparents or legal guardians of dependent undergraduate students.
Loans that are under the FFELP that parents may apply for their undergraduate student. Parents may borrow up to the difference between education costs and financial aid received from a bank or other lending institution. Credit checks are required and repayment begins immediately.
A loan for parents of dependent college students provided by the Federal Family Education Loan Program.
PLUS loans are federal educational loans that are not based on financial need. They are available to parents or legal guardians of dependent undergraduate students who are creditworthy.
Federal loans for parents of undergraduate students, available from lenders who participate in FFELP or the Direct Program. Parents may borrow up to the total cost of education minus any student aid awarded. Interest rate is fixed at 8.5%. Loans are made without regard to financial need but borrowers must demonstrate that they do not have an adverse credit history. Repayment generally begins within 60 days of the fully disbursed loan. These loans must be repaid.