Federal PLUS Loan
The federal PLUS loan is available to parents and legal guardians of students who are enrolled at least half-time. Parents may borrow up to the cost of attendance minus any other financial aid awarded. The parent must receive credit approval for the PLUS Loan and sometimes may be approved with a credit-worthy endorser. Repayment begins 60 days after full disbursement of the loan, or parents may choose to defer repayment while the student is enrolled in school, at least, half-time. More information about PLUS loans
Alternative Loans for Students or Parents
Alternative student loans are acquired through a private lender or your local bank. Loans are available for student borrowers (usually with a credit-worthy cosigner) or parent borrowers. Pay special attention to interest rates and how they are calculated, repayment terms, and terms for deferment of payment. We have compiled a list of lenders that our families have used in the past on our Alternative Loan Page.